Welcome To 165 Sydenham St, A Remarkable Duplex Currently Utilized As Five Units, Generating Impressive Rental Income. This Cash Cow Property Offers An Attractive Cap Rate Of Over 8%! Situated On A Spacious Over Half An Acre With A 254 Ft Deep, L-Shaped Lot Backing Onto A Ravine With No Rear Neighbours, It Offers Significant Development Potential. The Property Generates $69,720 Annually With One Vacant Unit That Could Increase Your Income To $84,120 Per Year. Additionally, There Is A Detached Heated Workshop That Can Be Used Personally Or Rented Out For Extra Cash Flow. Perfect For Investors Seeking Substantial Rental Income Or Families Looking For Multi-Generational Living Arrangements, This Property Is Centrally Located, Offering Easy Access To Amenities, Shopping, And Public Transit. Whether You're An Investor Or Searching For A Spacious Home With Rental Potential, This Multi-Unit Property Presents An Exceptional Opportunity. (id:47423)
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Detailed Information
Bedrooms
4
Bathrooms
5
Lot
64 x 256 ft
Amenities Nearby
Hospital
Equipment
Water Heater
Features
Backs on greenbelt, Conservation/green belt, Crushed stone driveway
Listing Contract Date
2024-06-21
Location Description
Dundas Street E/ West Street
Ownership Type
Freehold
# of Parking Spaces
6
Property Type
Multi-family
Rental Equipment
Water Heater
Structures
Workshop, Shed
Transaction Type
For sale
Zoning Description
RC
Building
Basement Development
Unfinished
Basement Type
Partial (Unfinished)
Constructed Date
1890
Cooling Type
Central air conditioning
Exterior Finish
Brick
Foundation Type
Stone
Heating Type
Forced air, Radiant heat
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Land
Total Size
0.566 acres
Amenities
Hospital
Sewer
Municipal sewage system
Size of Irregular Land
0.566
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