Prime Investment Opportunity in a Highly Sought-After Location! Discover this exceptionally well-located investment property, perfectly positioned near the vibrant Lundy's Lane tourist area. Enjoy the convenience of being close to popular restaurants, shopping centers, public transit, schools, parks, and major tourist destinations, with easy highway access. This property is zoned R2 and offers a versatile duplex setup with an additional 2-bedroom suite in the basement. Each unit features 2 bedrooms and private entrances, providing comfort and privacy for all occupants. The property is fully occupied, month-to-month tenants. Tenants pay their own hydro, with three separate hydro meters in place. Rent for the main floor unit includes heat, water, and internet, adding extra value. Maximize your investment potential with the detached double garage, Previously leased as a workshop or storage space, it comes equipped with a separate panel that can be reconnected to the hydro meter, along with water and sewer pipes that are currently capped off. Additional features include a partially fenced yard and a storage shed behind the garage. This property is available immediately with tenants in place, offering an excellent opportunity for savvy investors to make the most of their investment dollars. Don't miss out on this fantastic property in a prime location! (id:47421)
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Detailed Information
Bedrooms
6
Bathrooms
3
Lot
50 x 131 ft
Amenities Nearby
Park, Public Transit, Schools, Shopping
Community Features
School Bus
Equipment
Water Heater
Listing Contract Date
2024-10-02
Location Description
North off Lundy's Lane
Ownership Type
Freehold
# of Parking Spaces
5
Property Type
Multi-family
Rental Equipment
Water Heater
Structures
Shed
Transaction Type
For sale
Zoning Description
R2
Building
Basement Development
Partially finished
Basement Type
Full (Partially finished)
Constructed Date
1910
Cooling Type
None
Exterior Finish
Other
Fire Protection
Unknown
Foundation Type
Block
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
under 1/2 acre
Access Type
Highway access
Amenities
Park, Public Transit, Schools, Shopping
Sewer
Municipal sewage system
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