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 (projected): $1,850+Hydro. (id:47421)
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Detailed Information
Amenities Nearby
Public Transit, Recreation
Listing Contract Date
2025-02-18
Location Description
Feruson or Wyld St.
# of Parking Spaces
2
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R3
Business
Business Type
Residential
Business Subtype
Apartments
Building
Appliances
Dryer, Refrigerator, Stove, Washer
Heating Fuel
Natural gas
Heating Type
Forced air
Type
Multi-Family
Utility Water
Municipal water
Land
Total Size
33 acres
Acreage
Yes
Amenities
Public Transit, Recreation
Size of Irregular Land
33.0
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