Welcome to 165 Sydenham St – a prime investment opportunity with significant income potential! This unique property is currently configured as five units, with (3) three of the (5) five units vacant and the possibility of having All Five (5) vacant upon the closing date for prospective buyers. Generating an annual income of $54,360, this property has the potential to reach $84,120 per year with the vacant units leased, making it a true income-generating powerhouse. Nestled on over half an acre of land with a 254 ft deep, L-shaped lot backing onto a ravine, this property offers no rear neighbours and is ideal for future development. A detached, heated workshop on-site is currently rented and could be converted into a garden suite/ADU, providing even more cash flow options. Whether you're an investor seeking strong rental income or a family interested in multi-generational living, 165 Sydenham St offers the flexibility and space to suit your needs. Centrally located with easy access to shopping, amenities, and public transit, this property combines convenience with opportunity. Don't miss out on this exceptional chance to invest in a property with development potential, vacant units ready for tenants, and incredible income prospects! Contact us today to explore this one-of-a-kind opportunity. (id:47421)
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Detailed Information
Bedrooms
4
Bathrooms
5
Lot
64 x 256 ft
Amenities Nearby
Hospital
Equipment
Water Heater
Features
Backs on greenbelt, Conservation/green belt, Crushed stone driveway
Listing Contract Date
2024-08-01
Location Description
Dundas Street E/ West Street
Ownership Type
Freehold
# of Parking Spaces
6
Property Type
Multi-family
Rental Equipment
Water Heater
Structures
Workshop, Shed
Transaction Type
For sale
Zoning Description
RC
Building
Basement Development
Unfinished
Basement Type
Partial (Unfinished)
Constructed Date
1890
Cooling Type
Central air conditioning
Exterior Finish
Brick
Foundation Type
Stone
Heating Type
Forced air, Radiant heat
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Land
Total Size
0.566 acres
Amenities
Hospital
Sewer
Municipal sewage system
Size of Irregular Land
0.566
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