For sale
Bedrooms
9
Bathrooms
5
Parking
2
Price
$2,188,000
MLS© ID
C8391514
Approx. Age
N/A
Listed Since
September 27th, 2024
Exterior
Other,
Air Conditioning
None
Heating
Forced Air
Pool
None
Type
Multiplex
Aprox. sq. footage
N/A
Taxes
$7,536
Style
Other
Garage
None
Basement
Other
Fireplace
Yes
Lot Size
17.49 x 132.00 Feet
Investor Alert! Prime Downtown Investment (Motivated Seller)! This commercial-residential zoned property offers a 5.70% Cap Rate and is fully leased with income-producing units. Featuring 4 well-maintained units, this multi-family investment includes impressive rental income (Main = $3,800; 2nd = $4,400; Top = $1,800). Located in a prime downtown core with steps to amenities and transit, this property has lane access for 2-car parking and potential for additional rental income. Development potential to add 3 extra units (buyer to verify) and bonus opportunity for a 5th unit or laneway house (buyer to verify). Turnkey opportunity with capital appreciation potential. Perfect for multi-generational family living under one roof, and an excellent opportunity for investors seeking a high-yield, mixed-use property. Securing this property early ensures long-term passive income and more profit in coming years. Dont miss this as-is handyman special!
Extras: 4 Fridges, 4 Stoves, 3 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental.
Type: Multiplex
Features: ,
Brokerage: INTERNATIONAL REALTY FIRM, INC. BROKERAGE