Strong income and modern construction come together in this fully rented three-unit building built in 2024. With newer construction and minimal maintenance expected for years to come, this property offers a solid addition to any investment portfolio. All three units are rented at $1,800 per month with tenants paying their own utilities, providing stable income and a strong cap rate. Tenants are on one-year leases, offering reliability while still allowing flexibility to increase rents this year as market conditions allow. Each unit features two bedrooms, an open-concept kitchen and living area, private balcony, and the convenience of in-unit laundry with washer and dryer. The property also offers off-street parking for six vehicles, an important feature for tenants and long-term rental appeal. For buyers looking to enter the market, this property also provides the option of owner-occupied investing, allowing you to live in one unit while the others generate income. With strong rental demand and zero vacancy, this is a solid turn-key opportunity. Conveniently located close to shopping, restaurants, public transit, and quick highway access for commuting. (id:47421)
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Detailed Information
Equipment
None
Location Description
Loch Lomond Road to Saint Catherine Street
Municipal ID
55246557
Ownership Type
Freehold
Property Type
Multi-family
Rental Equipment
None
Transaction Type
For sale
Building
Appliances
Refrigerator, Stove, Washer, Dishwasher, Dryer
Basement Type
None
Constructed Date
2024
Exterior Finish
Vinyl
Flooring Type
Laminate
Foundation Type
Concrete
Heating Fuel
Electric
Heating Type
Baseboard heaters
Total Finished Area
3100 sqft
Type
Triplex
Utility Water
Municipal water
Land
Total Size
3896.54 square feet
Sewer
Municipal sewage system
Size of Irregular Land
3896.54
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