Discover a prime rental opportunity with this well-maintained property featuring four distinct units. The standout unit is a spacious 3-bedroom gem, showcasing original red pine flooring and modern updates throughout, with a projected rental income of around $2,000 once the current owners sell and relocate. The building also includes three additional 2-bedroom units, each with their own laundry facilities, updated windows, and shingled roof in the last 7 years. The main floor back unit boasts separate access from the side street and carport parking, while the upper fourth unit offers a delightful deck perfect for morning coffee. The detached shop is a dream for hobbyists, complete with a 2-piece washroom, hydro, and natural gas heat. With potential to convert the shop’s second level into a bachelor suite for extra rental income or to sever the lot and sell it at market value, this property presents a versatile and lucrative investment opportunity. (id:47423)
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Detailed Information
Bedrooms
9
Bathrooms
5
Lot
165 x 132 ft
Features
Crushed stone driveway
Listing Contract Date
2024-09-10
Location Description
Elora St to Pellister St. Corner of John and Pellister.
Ownership Type
Freehold
# of Parking Spaces
6
Property Type
Multi-family
Structures
Workshop
Transaction Type
For sale
Zoning Description
R1B
Building
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Cooling Type
None
Exterior Finish
Brick
Foundation Type
Stone
Heating Fuel
Natural gas
Heating Type
Baseboard heaters
Stories Total
2
Type
Fourplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
1/2 - 1.99 acres
Sewer
Municipal sewage system
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