$81,000 in Rental Income. Market Rents with 7% Cap-Rate. RENOVATED FOURPLEX on DOUBLE LOT with TONS of UPDATES. Tenants pay Heat, Hydro & Water. UPDATED Interiors, Electrical, Plumbing, Heating, & Kitchens, Flooring, Appliances (including washers and dryers). Approx $300k in upgrades. Turnovers would simply be a clean and fresh paint. All units re-rented to highly vetted tenants with no legacy tenants. Introducing a prime investment opportunity located at the corner of Mary and Peel: a brick 4-plex boasting an extra-large lot for potential expansion. While it may not be suitable for severance, there's room for growth, possibly transforming it into a 7-plex . Don't miss out on this investment opportunity with potential for growth and increased profitability. (id:47423)
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Detailed Information
Bedrooms
7
Bathrooms
4
Lot
92 x 64 ft
Amenities Nearby
Park, Schools
Listing Contract Date
2024-08-19
Location Description
Corner of Mary and Peel
Ownership Type
Freehold
# of Parking Spaces
8
Property Type
Single Family
Transaction Type
For sale
Zoning Description
rc
Building
Appliances
Dryer, Refrigerator, Washer, Gas stove(s), Hood Fan, Window Coverings
Architectural Style
2 Level
Basement Development
Partially finished
Basement Type
Full (Partially finished)
Construction Style (Attachment)
Detached
Cooling Type
Ductless
Exterior Finish
Brick
Foundation Type
Block
Heating Fuel
Electric
Heating Type
Heat Pump
Stories Total
2
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Kitchen
Second level
1'0'' x 1'0''
4pc Bathroom
Second level
1'0'' x 1'0''
Bedroom
Second level
1'0'' x 1'0''
Dining room
Second level
1'0'' x 1'0''
Living room
Second level
1'0'' x 1'0''
4pc Bathroom
Second level
1'0'' x 1'0''
Bedroom
Second level
1'0'' x 1'0''
Kitchen
Second level
1'0'' x 1'0''
Dining room
Second level
1'0'' x 1'0''
Living room
Second level
1'0'' x 1'0''
Bedroom
Main level
1'0'' x 1'0''
Bedroom
Main level
1'0'' x 1'0''
4pc Bathroom
Main level
1'0'' x 1'0''
Bedroom
Main level
1'0'' x 1'0''
Bedroom
Main level
1'0'' x 1'0''
Kitchen
Main level
1'0'' x 1'0''
Dining room
Main level
1'0'' x 1'0''
Living room
Main level
1'0'' x 1'0''
4pc Bathroom
Main level
1'0'' x 1'0''
Bedroom
Main level
1'0'' x 1'0''
Kitchen
Main level
1'0'' x 1'0''
Dining room
Main level
1'0'' x 1'0''
Living room
Main level
1'0'' x 1'0''
Land
Total Size
under 1/2 acre
Amenities
Park, Schools
Sewer
Municipal sewage system
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