Property Information:

Investment opportunity with CAP rate of 6.5%! This cash-positive certified legal duplex with a third unit generated $5,939 per month, or $71,268 gross annually in 2024. 2025 income/expense will almost be identical to 2024. This well maintained investment property features 2 hydro meters complete with two 100 amp breaker panels, 3 rear parking spots, a furnace installed in 2022(10 year transferable warranty), tankless rental hot water heater 2023, and a flat roof redone in 2022. The dry basement, offers separate side entrance, includes coin-operated laundry with average 50 per month revenue and ample storage space and optional fourth rental unit addition to boost your income/property value. A major renovation, completed with permits, included updates to copper wiring, copper plumbing, ABS drain system, windows and drywall construction. All units are rented with leases in place. Ultra low vacancy rate(1%) over past 12 years. This smoke-free and pet-free property is an exceptional investment opportunity with a positive cash flow. Private/Self represented buyers are also welcome.

Inclusions: Microwave,Refrigerator,Stove,Stove X2, Fridge X3, Otr Microwave X2, Microwave, Air Fryer, Coin Operated Washer & Dryer, Video Camera Security System (As Is)

Exclusions : Tenant Belongings

Building Features:

Floor Space: 2203 Square Feet

Property Features:

Bedrooms: 7
Bathrooms: 3+0
Acres Range: < 0.5
Architectural Style: 2.5 Storey
Basement: Development Potential, Separate Entrance, Full, Unfinished
Built in: 1910
Construction Materials: Brick, Vinyl Siding
Cooling: Window Unit(s)
Driveway Parking: Lane/Alley Parking, Outside/Surface/Open
Exterior Features: Private Entrance, Year Round Living
Floor Space (approx): 2203 Square Feet
Heating: Forced Air, Natural Gas
Interior Features: Accessory Apartment, Built-In Appliances, Ceiling Fan(s), In-law Capability, In-Law Floorplan, Separate Hydro Meters
Laundry Features: Coin Operated, Common Area, In-Suite, Laundry Room, Lower Level, Shared
Lot Depth: 94 Feet
Lot Features: Urban, Rectangular, Ample Parking, City Lot, Hospital, Industrial Mall, Industrial Park, Library, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, Rec./Community Centre, Regional Mall, School Bus Route, Schools, Shopping Nearby
Lot Frontage: 26.00 Feet
Other Structures: None
Parking Features: Gravel, Mutual/Shared, Unassigned, Other
Roof: Asphalt Shing
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Water Source: Municipal
Water Treatment: None
Zoning: D
Sewer: Sewer (Municipal)
No. of Parking Spaces: 4