If you've been searching for the perfect opportunity to enter the investment market, this property could be your ideal match. Priced competitively, this legal, non-conforming all-brick triplex offers a gross income of $41,086 and an impressive 8% cap rate. The property is centrally located offering easy access to shopping, schools, and a full range of amenities. Its prime location along a public transit route makes it an excellent choice for tenants without vehicles. The main floor features a recently renovated, vacant 3-bedroom unit, ready for new tenants or an owner looking to live on-site while benefiting from rental income. The second-floor 2-bedroom unit and third-floor bachelor unit are both occupied by reliable long-term tenants. For added peace of mind, each unit is separately metered and includes a garage 2 parking spaces. The partially finished basement offers added storage for tenants, or the owners belongings. Overall this property offers everything you need to start your rental property portfolio. Coin Operated Laundry generates approx. $1000. Rents are: Bachelor:$717(inclusive of Hydro), 2 Bed: $841+Hydro, 3 Bed: $1,850+Hydro. (id:47421)
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Detailed Information
Bedrooms
5
Bathrooms
3
Lot
33 x 132 ft
Amenities Nearby
Public Transit, Place of Worship, Schools
Community Features
School Bus, Community Centre
Equipment
Water Heater
Listing Contract Date
2025-02-18
Location Description
Ferguson or Wyld
# of Parking Spaces
2
Property Type
Single Family
Rental Equipment
Water Heater
Structures
Deck, Porch
Transaction Type
For sale
Zoning Description
R3
Building
Appliances
Water Heater, Water meter, Dryer, Refrigerator, Stove, Washer
Basement Development
Partially finished
Basement Type
N/A (Partially finished)
Exterior Finish
Brick, Vinyl siding
Fire Protection
Smoke Detectors
Foundation Type
Stone
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2.5
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Tandem
Utilities
Type
Description
Cable
Available
Sewer
Installed
Land
Total Size
33 x 132 FT
Amenities
Public Transit, Place of Worship, Schools
Sewer
Sanitary sewer
Size of Irregular Land
33 x 132 FT
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