Turn-Key, Cash flow positive 4 plex in south Stipley! This legal non-conforming triplex is set up as four self-contained rental units. The property features triple rear parking and in-suite laundry for all units, adding to its appeal for tenants. It generates a strong annual gross rental income over $55,000. The unit mix includes a spacious main-floor 2-bedroom/1 bath, 2nd floor is 2 bed/1 bath, attic is 1 bed/1 bath and basement 1 bed/1 bath. All units except the basement are separately metered, with tenants responsible for their own hydro. Units recently renovated with granite countertops and stainless steel appliances in kitchens. Location is A+ with a walk score of 89. Close to all amenities, schools, parks, hospitals, and more. It is steps from public transit and close to the future LRT route, and offers easy access to and from the downtown core. this turn-key opportunity offers hassle-free management and huge potential for appreciation. Don’t miss out—schedule your showing today! (id:47421)
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Detailed Information
Bedrooms
5+1
Bathrooms
4
Lot
32 x 86 ft
Amenities Nearby
Hospital, Park, Public Transit, Schools, Shopping
Community Features
Community Centre
Equipment
Water Heater
Features
Paved driveway
Listing Contract Date
2024-11-21
Location Description
Main St E > Spadina Ave
Ownership Type
Freehold
# of Parking Spaces
3
Property Type
Single Family
Rental Equipment
Water Heater
Transaction Type
For sale
Zoning Description
C
Building
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1917
Construction Style (Attachment)
Detached
Cooling Type
Central air conditioning
Exterior Finish
Brick
Foundation Type
Block
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2.5
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
4pc Bathroom
Second level
Measurements not available
Bedroom
Second level
10'10'' x 14'2''
Bedroom
Second level
13'1'' x 9'10''
Dining room
Second level
13'1'' x 10'9''
Living room
Second level
10'10'' x 15'9''
Kitchen
Second level
7'9'' x 12'10''
Laundry room
Second level
5'3'' x 9'1''
Living room
Third level
13'10'' x 13'1''
Kitchen
Third level
14'8'' x 6'10''
4pc Bathroom
Third level
Measurements not available
Bedroom
Third level
15'5'' x 13'7''
Utility room
Basement
3'2'' x 11'1''
Living room
Basement
10'4'' x 18'8''
Laundry room
Basement
12'0'' x 4'9''
Kitchen
Basement
12'1'' x 9'6''
Bedroom
Basement
12'10'' x 14'3''
4pc Bathroom
Basement
Measurements not available
4pc Bathroom
Main level
Measurements not available
Dining room
Main level
12'0'' x 13'4''
Kitchen
Main level
11'7'' x 8'11''
Living room
Main level
14'1'' x 11'4''
Bedroom
Main level
10'10'' x 11'3''
Bedroom
Main level
12'8'' x 15'5''
Land
Total Size
under 1/2 acre
Amenities
Hospital, Park, Public Transit, Schools, Shopping
Sewer
Municipal sewage system
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