This well-maintained triplex offers a fantastic investment opportunity or a chance to live in one unit while generating income from the others. Centrally located with easy access to shopping, bus routes, and other amenities, this property is a must-see! Apt. 1 is a 2 bedroom, 2 bath is vacant. Unit is ideal for new tenants or as a personal residence. Apt. 2 is a 1 bedroom plus den renting at 1429 per month and Apt. 3 is a 1 bedroom renting at 922 per month. All rents are inclusive. The tenants are amazing and the remaining tenants want to stay. The building has been well cared for and all units are spacious and updated. There is also tenant parking and laundry in each unit. CCTV cameras are in operation to help ensure the safety and security of all individuals and the premises. Gross income is $50,280 annually with expenses for previous year at $17,837.00. These numbers on based on unit 1's previous tenants that left at the end of January and rented for 1839.00 inclusive. Please note that this property is zoned C2, allowing for the potential to incorporate a commercial aspect into the building. This zoning provides flexibility for various business or commercial uses, in addition to its residential capabilities. Whether you're a seasoned investor or a first-time buyer, this triplex offers an excellent chance to secure steady rental income in a prime location. (id:47421)
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Detailed Information
Lot
42 x 91.5 ft
Amenities Nearby
Public Transit
Features
Irregular lot size
Listing Contract Date
2025-02-21
Location Description
Worthington St. W and Fraser
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
C2
Business
Business Type
Residential
Business Subtype
Apartments
Building
Appliances
Dryer, Refrigerator, Stove, Washer
Heating Fuel
Natural gas
Heating Type
Hot water radiator heat
Size (Exterior)
3920.67 square feet
Type
Multi-Family
Utility Water
Municipal water
Land
Total Size
Bldg=42 x 91.53 FT
Amenities
Public Transit
Size of Irregular Land
Bldg=42 x 91.53 FT
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