Property Information:
Magnificent triplex combining period charm and profitability, located steps from the waterfront. The ground floor, leased to John Abbott College, ensures a stable income with a solid commercial lease. The two upstairs apartments retain all their Victorian character and offer excellent rental potential. Large basement with exterior access and ample storage. Ideal location near shops, schools, train station, and REM. A rare opportunity to acquire a unique building combining stability, charm, and a strategic location!
Stunning Victorian Triplex -- Mixed Zoning, Exceptional Returns and Charm
Discover this magnificent Victorian-style triplex, combining period charm with guaranteed profitability. Benefiting from mixed commercial and residential zoning, this unique property is ideally located steps from the waterfront, offering splendid views and a peaceful living environment.
The spacious and bright ground floor is currently leased to John Abbott College, ensuring a stable and sustainable source of income.
It features beautiful woodwork, high ceilings of approximately 10 feet, and several verandas offering water views. The atmosphere is warm and inviting, maintained by tenants who have been there for many years.
The existing commercial lease is a major asset, guaranteeing the building's continued appreciation.
The two residential units upstairs retain all their Victorian charm and offer excellent rental potential.
The property also features a very large basement with high ceilings, ample storage space, and a walk-out entrance--a functional and desirable addition.
Ideally located near restaurants, local shops, schools, daycare centers, the train station, and the new REM light rail system, with quick access to Highways 20 and 40, this triplex represents a rare investment opportunity, combining distinctive architecture, rental stability, and a strategic location.
A unique building offering excellent income and long-term appreciation potential.
LOCATION:
_ Less than a 10-minute walk from John Abbott College and Macdonald College
_ Close to several shops, restaurants, and a convenience store on Ste-Anne Street
_ Near several bus stops: 212, 35, 44, 45, 335, 211, 200, and 411
Inclusions: According to the leases
Exclusions : Tenants' personal belongings
Building Features:
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Style:
Triplex
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Driveway:
Asphalt
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Foundation:
Stone
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Parking:
Driveway
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Property or unit amenity:
Wall-mounted heat pump
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Renovations:
Roof covering
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Roofing:
Asphalt shingles
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Size:
13.49 x 14.98 METRE
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View:
View of the water
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Heating Energy:
Electricity
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Water Supply:
Municipality
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Sewage System:
Municipality
