Property Information:
Superb investment opportunity on 4th Ave. : well-located 6-plex of six 4½ units with high ceilings & 2 bedrooms each, offering significant value-add potential through renovations that can meaningfully increase rents. Renovated comparables in the area show strong upside for revenue growth & long-term appreciation, making this solid, well-positioned building an excellent choice for investors seeking strategic improvements, BRRR-style value creation, + reliable addition to their portfolio. The property offers option of rebuilding a new structure - subject to municipal approvals - providing a chance for redevelopment & future value.
- Six 4 1/2 units - all with 2 closed bedrooms
- High ceilings
- 5 storage spaces available
- Significant value-add potential: units are excellent candidates for cosmetic refreshes or complete renovations
- Strong upside on rental income: renovated comparables in the area suggest substantial room to increase gross revenue to current market standards
- Highly desirable location on Fourth Avenue, offering strong tenant demand thanks to its calm residential character, convenient access, and proximity to essential services
- Well-maintained and structurally solid building with promising long-term appreciation
- Perfect opportunity for investors seeking BRRR potential, a long-term hold with strong forced appreciation, or even a future condo conversion (subject to municipal approval)
Inclusions: 5 storage spaces
Building Features:
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Building amenity and common areas:
Escalator, Indoor storage space
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Foundation:
Poured concrete
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Parking:
Driveway
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Roofing:
Elastomeric membrane
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Heating System:
Electric baseboard units
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Heating Energy:
Electricity
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Water Supply:
Municipality
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Sewage System:
Municipality
