Attention investors - this is the kind of asset you hold long term.Fully renovated and strategically updated, this turn-key triplex sits in a high-demand rental pocket and delivers immediate income with two of the three units already tenanted. Each unit is self-contained with its own private entrance and separate hydro meter - clean, simple, and ideal for strong tenant management and consistent cash flow.Extensive renovations have been completed throughout the property.Unit 3 (Basement) was fully gutted and reimagined. Upgraded vinyl flooring, new doors, trim, and baseboards, a completely renovated kitchen with modern cabinetry and countertops, and a refreshed bathroom with new vanity and tiled shower. The spacious layout was intelligently converted from a 1+den into a true 3-bedroom unit, significantly increasing rental potential. Additional upgrades include a new exterior steel door, new fridge and stove, upgraded electrical with pot lights, and plumbing improvements.Unit 2 features a new washer and dryer, new fridge, tile work, fresh caulking, and updated door trim. Unit 1 has been refreshed with a new tiled kitchen backsplash, paint touch-ups, and updated receptacle covers.Building-wide improvements include rewiring of the electrical panel, full clean-up and debris removal, plus major capital upgrades: high-efficiency gas furnace (2019), new hot water heater and exterior door for Unit 1 (2020), new laminate flooring in Units 1 & 3 and interior doors in Unit 3 (2021), additional kitchen and bath upgrades in Unit 3, laminate flooring and doors in Unit 2, and new windows and roof (2022). Ample rear-lane parking adds further value, with potential for a fourth unit (subject to City approval) creating future upside.Walking distance to shopping, schools, parks, libraries, and transit - exactly what renters look for.This is a clean, upgraded, income-producing property in a proven rental area. Opportunities like this don't sit around. (id:47421)
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Detailed Information
Bedrooms
8
Bathrooms
3
Lot
32.83 x 119.67 ft
Listing Contract Date
2026-03-06
Location Description
Cross Streets: Kathleen St / Bessie Ave. ** Directions: Bessie Ave/Bloor St.
# of Parking Spaces
6
Property Type
Multi-family
Transaction Type
For sale
Building
Appliances
All, Dryer, Washer, Window Coverings
Basement Development
Finished
Basement Type
N/A (Finished)
Cooling Type
None
Exterior Finish
Brick
Foundation Type
Poured Concrete, Block
Heating Fuel
Electric
Heating Type
Baseboard heaters
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
No Garage
Land
Total Size
32.9 x 119.7 FT
Sewer
Sanitary sewer
Size of Irregular Land
32.9 x 119.7 FT
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