Excellent investment opportunity! Rarely offered purpose-built four-plex, each unit offering 3 bedrooms, 1 bath, in-suite laundry hookups, and its own dedicated outdoor storage shed. Situated on a large corner lot, the building is designed for low-maintenance ownership with no interior common areas to maintain. Each unit also features its own paved driveway with parking for up to 3 vehicles. Current gross annual rents are $58,860, and the property is already cash-flow positive, with substantial upside as units turn over. Tenants pay all utilities, except one unit where water is included. Unit 39 has been renovated and is leased for $2,000/month plus utilities, demonstrating the true rental potential available for the building. With minimal upgrades to the remaining units as they turn over, the property's total rent potential could reach approximately $96,000 annually. An especially rare offering- this property delivers substantial cash flow. Ideal for investors or owner-occupiers alike, where income from the three rented units can significantly offset housing costs, creating the possibility of living here with minimal to no monthly out-of-pocket expenses. A truly exceptional chance to secure a stable, cash-flowing multi-family asset with long-term growth potential. (id:63879)
| MLS® Number | X12571210 |
| Property Type | Multi-family |
| Community Name | Trenton Ward |
| Amenities Near By | Place Of Worship, Public Transit, Schools |
| Community Features | Community Centre |
| Equipment Type | Water Heater |
| Features | Level Lot, Flat Site |
| Parking Space Total | 12 |
| Rental Equipment Type | Water Heater |
| Structure | Patio(s), Shed |
| Bathroom Total | 4 |
| Bedrooms Above Ground | 6 |
| Bedrooms Below Ground | 6 |
| Bedrooms Total | 12 |
| Age | 51 To 99 Years |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Stove, Refrigerator |
| Basement Features | Apartment In Basement, Walk Out |
| Basement Type | N/a, N/a |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat, Not Known |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Land Amenities | Place Of Worship, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 102 Ft ,7 In |
| Size Frontage | 105 Ft ,9 In |
| Size Irregular | 105.8 X 102.6 Ft |
| Size Total Text | 105.8 X 102.6 Ft|under 1/2 Acre |
| Zoning Description | R5 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Living Room | 2.97 m | 4.85 m | 2.97 m x 4.85 m |
| Main Level | Dining Room | 2.48 m | 3.48 m | 2.48 m x 3.48 m |
| Main Level | Kitchen | 2.03 m | 3.35 m | 2.03 m x 3.35 m |
| Main Level | Utility Room | 2.05 m | 1.52 m | 2.05 m x 1.52 m |
| Main Level | Bathroom | 2.08 m | 1.47 m | 2.08 m x 1.47 m |
| Main Level | Primary Bedroom | 3.35 m | 2.95 m | 3.35 m x 2.95 m |
| Main Level | Bedroom 2 | 3.27 m | 2.44 m | 3.27 m x 2.44 m |
| Main Level | Bedroom 3 | 3.15 m | 2.36 m | 3.15 m x 2.36 m |
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
