Exceptional income producing asset with huge future development potential! Prime 58x100 ft lot in the fast growing Baseline Corridor. Fully tenanted 2-unit dwelling (4-bed 2-full bath each unit) producing $83,373/yearly ($6947 monthly). An excellent cash flowing asset with a $57,927 Net Income. High-demand rental area. You can decide whether you want to keep it operating as a duplex or redevelop in the future. The New Zoning for the property is MS2, allowing high density development up to 20 m height. Ideally located just steps to Algonquin College, College Square, Pinecrest Recreation Centre, transit, shopping, and more. (The New Zoning in force is anticipated Sept 2026). Buy this property today and benefit from the up zoning in the nearest future. Buyers to verify zoning/permitted uses. (id:63879)
| MLS® Number | X12951578 |
| Property Type | Single Family |
| Community Name | 6303 - Queensway Terrace South/Ridgeview |
| Amenities Near By | Public Transit, Schools |
| Community Features | Community Centre, School Bus |
| Features | Carpet Free |
| Parking Space Total | 4 |
| Bathroom Total | 4 |
| Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 4 |
| Bedrooms Total | 8 |
| Amenities | Separate Electricity Meters, Separate Heating Controls |
| Appliances | Water Heater, Blinds, Dishwasher, Dryer, Microwave, Range, Two Stoves, Two Washers, Two Refrigerators |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Type | N/a (finished) |
| Construction Status | Insulation Upgraded |
| Construction Style Attachment | Detached |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Controlled Entry, Smoke Detectors |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 1 |
| Size Interior | 1,100 - 1,500 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
| Carport | |
| No Garage | |
| Covered |
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Public Transit, Schools |
| Landscape Features | Landscaped |
| Sewer | Sanitary Sewer |
| Size Depth | 100 Ft |
| Size Frontage | 58 Ft |
| Size Irregular | 58 X 100 Ft |
| Size Total Text | 58 X 100 Ft |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Bedroom | 3.71 m | 2.56 m | 3.71 m x 2.56 m |
| Basement | Bedroom | 3.84 m | 2.71 m | 3.84 m x 2.71 m |
| Basement | Bedroom | 3.84 m | 2.71 m | 3.84 m x 2.71 m |
| Basement | Living Room | 5.85 m | 3.47 m | 5.85 m x 3.47 m |
| Basement | Kitchen | 3.62 m | 2.71 m | 3.62 m x 2.71 m |
| Basement | Bedroom | 3.38 m | 2.86 m | 3.38 m x 2.86 m |
| Main Level | Foyer | 3.87 m | 1.58 m | 3.87 m x 1.58 m |
| Main Level | Living Room | 3.87 m | 3.71 m | 3.87 m x 3.71 m |
| Main Level | Kitchen | 4.93 m | 2.89 m | 4.93 m x 2.89 m |
| Main Level | Bedroom | 3.93 m | 2.46 m | 3.93 m x 2.46 m |
| Main Level | Bedroom | 3.53 m | 2.77 m | 3.53 m x 2.77 m |
| Main Level | Bedroom | 3.96 m | 2.46 m | 3.96 m x 2.46 m |
| Main Level | Bedroom | 3.65 m | 3.16 m | 3.65 m x 3.16 m |
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