Property Information:
Well-maintained triplex on an oversized lot with over 84 ft of frontage, offering a rare opportunity to blend immediate cash flow, owner-occupancy potential, and long-term redevelopment upside. The property generates $48,192 annually with a net operating income of $31,582, featuring a spacious upper-level 3-bedroom unit ideal for an owner-occupant, complemented by two lower-level studio apartments to help offset carrying costs. Unit 1 and Unit 2 are currently on month-to-month leases, while Unit 3 is leased until July 31, 2026. This property has been meticulously maintained by long-term ownership, with clear pride of care throughout and very little deferred maintenance, allowing a new owner to step in and operate with confidence and minimal immediate capital requirements. Major capital improvements include a new roof (2014), driveway expansion and repaving, landscaping and regrading, masonry repairs, and a PVC privacy fence. For investors, this is a balanced asset with solid in-place income and clear upside. For end users, it presents a unique opportunity to live in a larger unit while generating meaningful rental income. The 84 ft frontage further enhances the property with strong future potential for redevelopment, severance, or expansion, making this a versatile acquisition in a market where opportunities like this are increasingly rare. (id:27)
Building Features:
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Style:
Multiplex
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Building Type:
Triplex
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Amenities:
Separate Hydro Meters
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Architectural Style:
Raised bungalow
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Basement Development:
Finished
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Basement Type:
N/A, N/A
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Exterior Finish:
Brick
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Floor Space:
700 - 1100 sqft
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Foundation Type:
Concrete
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Heating Type:
Radiant heat
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Heating Fuel:
Natural gas
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Cooling Type:
None
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Appliances:
Dryer, Stove, Washer, Refrigerator
