Investors take notice, this property has been very diligently and meticulously taken care of and updated over the years. Thinking of buying a home and having someone help pay the mortgage? This is a great opportunity for that with traditional lenders being able to use market rents to help you qualify for a purchase. Live in 1 unit and have the other two subsidize your mortgage. This is a great time and way to get an investment property for now and the future. Unit 1 has private use of the North side driveway and has their own private entrance at the rear. A nice mudroom and living room above grade with a 3pc bath, 2 bedrooms, eat in kitchen and storage. Unit 2 is a nice 1 bedroom apartment on the main floor with a great sunroom, living room, eat in kitchen, 3pc bath and large bedroom. This unit gets parking on the south side driveway. Unit 3 is on the 2nd and 3rd floors which comes with 3 bedrooms, kitchen, 4pc bath, 2pc bath and a large living room. This unit also has its own parking on the south side driveway. All of the units have separate hydro meters and hot water tanks. All units also have in-suite laundry. There is outdoor storage for tenants and a large inviting fenced rear yard for the tenants to share. There is also a detached garage with hydro which the Landlord currently uses but could be used to generate more income. Some of the many upgrades over the years include: Appliances, washrooms, flooring, windows, roof, central air, furnace, electrical, fire safety, paint, plumbing and more. Ask your Realtor for a complete list of upgrades. Priced at a 5% Cap Rate, this property is perfect to add to your portfolio of investments or to jump in for your first. Solid Brick, Solid Income, Solid Investment. (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Bedrooms
4+2
Bathrooms
4
Lot
59 x 180 ft
Amenities Nearby
Hospital, Place of Worship, Playground, Schools, Shopping
Community Features
Community Centre
Equipment
None
Features
Skylight, Country residential
Listing Contract Date
2024-05-07
Location Description
From Highway 6 turn east onto Parkside Drive to the property on the right
Ownership Type
Freehold
# of Parking Spaces
8
Property Type
Single Family
Rental Equipment
None
Transaction Type
For sale
Zoning Description
R2
Building
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1923
Construction Style (Attachment)
Detached
Cooling Type
None
Exterior Finish
Brick
Fixture
Ceiling fans
Foundation Type
Block
# of Half Bathrooms
1
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
8'0'' x 7'0''
Living room
Second level
13'0'' x 11'0''
Bedroom
Second level
12'0'' x 9'6''
4pc Bathroom
Second level
8'0'' x 5'3''
Kitchen
Second level
9'0'' x 8'0''
2pc Bathroom
Third level
8'0'' x 3'8''
Bedroom
Third level
17'0'' x 15'0''
3pc Bathroom
Basement
Measurements not available
Bedroom
Basement
10'8'' x 9'4''
Bedroom
Basement
11'2'' x 10'8''
Kitchen
Basement
10'0'' x 11'0''
Living room
Main level
13'0'' x 11'0''
Foyer
Main level
14'4'' x 7'4''
Sunroom
Main level
13'0'' x 6'6''
3pc Bathroom
Main level
11'0'' x 4'0''
Bedroom
Main level
9'6'' x 11'0''
Kitchen
Main level
14'2'' x 13'0''
Living room
Main level
16'0'' x 10'6''
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
0.24 acres
Amenities
Hospital, Place of Worship, Playground, Schools, Shopping
Sewer
Municipal sewage system
Size of Irregular Land
0.24
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