LEGAL TRIPLEX !!!This solid 2.5 story brick building with great appeal is housing three vacant residential units ( 3 brs, 2 brs and large one bedroom) and provides an opportunity to set up your own rents and choice of your own tenants as well as it does allow any necessary renovations or upgrades to increase the rental potential. Ample parking is a magnificent advantage, especially so close to City core. This feature can make your property more attractive to potential renters. With the units vacant, you can have the flexibility to adjust the rents to current market rates potentially increasing your revenue. You can also implement rental policies that will align with your management style and goals. Vacant units will allow you to analyze the local rental market to determine competitive rental rates and what features the tenants in the area value the most. This way you can implement a thorough tenant screening process to ensure you select reliable and responsible tenants. This property has a strong potential, especially with its solid construction and parking viability. With the right approach, it can be a profitable investment ensuring the rental income will cover your expenses and will provide a reasonable return on the investment. You will have time to decide if you will manage the property yourself or hire a professional property management company that can save time and ensure the property is maintained properly. and take steps to maximize the property potential. Separate hydro meters.Take advantage of this unique opportunity. Call your REALTOR® today to view it and to make an offer on it before it is gone. (id:47421)
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Detailed Information
Bedrooms
6
Bathrooms
3
Lot
53 x 105 ft
Amenities Nearby
Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Community Features
Quiet Area, School Bus
Features
Southern exposure, Conservation/green belt, Paved driveway, Crushed stone driveway
Listing Contract Date
2024-05-16
Location Description
Ontario Street to Nile Street to Albert Street
Ownership Type
Freehold
# of Parking Spaces
5
Property Type
Single Family
Structures
Porch
Transaction Type
For sale
Zoning Description
R-3
Building
Appliances
Dryer, Refrigerator, Stove, Water softener, Washer, Hood Fan
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Construction Style (Attachment)
Detached
Cooling Type
Wall unit
Exterior Finish
Brick
Fire Protection
Security system
Foundation Type
Stone
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2.5
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Bedroom
Second level
9'6'' x 12'10''
Living room
Second level
13'1'' x 12'4''
Kitchen
Second level
8'6'' x 12'1''
Bedroom
Second level
10'7'' x 7'10''
Bedroom
Second level
10'6'' x 13'10''
3pc Bathroom
Second level
9'10'' x 5'10''
Living room
Third level
12'9'' x 30'1''
Kitchen
Third level
11'1'' x 12'5''
Bedroom
Third level
11'6'' x 12'11''
Bedroom
Third level
11'8'' x 12'11''
4pc Bathroom
Third level
4'10'' x 9'6''
Living room
Main level
13'1'' x 17'10''
Kitchen
Main level
13'7'' x 11'7''
Foyer
Main level
7'9'' x 6'9''
Dining room
Main level
13'1'' x 11'2''
Bedroom
Main level
10'7'' x 12'8''
4pc Bathroom
Main level
8'5'' x 6'1''
Utilities
Type
Description
Electricity
Available
Natural Gas
Available
Land
Total Size
under 1/2 acre
Amenities
Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
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