6% Cap Rate Potential for INVESTMENT AND/OR OWNER OCCUPY OPPORTUNITY! Licensed Up & Down Duplex located in desirable Old South + business use potential! This is a great option for any investor, business owner or someone who wants to reduce their cost of living! Upper level is rented for $1,300+ hydro till December 31, 2024. Main floor tenancy is month-to-month ($870/month all inclusive). Ideal for savvy investment or owner-occupancy. This property has 3 hydro meters – one for each unit plus a 3rd for the common basement area which holds laundry, storage & building utilities. Low maintenance & taxes. Recent updates include: Brand new furnace installed (October 2023), updated electrical, new paint & flooring. Great access to Downtown, Victoria Hospital, UWO & Hwy 401. One of the best priced duplex 's in town! Call today for further information. (id:47423)
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Listed By
THE AGENCY REAL ESTATE, SUTTON GROUP - SELECT REALTY INC., Brokerage
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Detailed Information
Bedrooms
2
Bathrooms
2
Lot
42 x 60 ft
Amenities Nearby
Golf Nearby, Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Community Features
School Bus
Equipment
Water Heater
Listing Contract Date
2024-05-08
Location Description
East side of Wharncliffe Rd S between Elmwood Ave & Bruce St.
Ownership Type
Freehold
# of Parking Spaces
3
Property Type
Multi-family
Rental Equipment
Water Heater
Transaction Type
For sale
Zoning Description
AC2(1)
Building
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Constructed Date
1955
Cooling Type
Wall unit
Exterior Finish
Brick
Fire Protection
Unknown
Foundation Type
Block
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Access Type
Road access, Highway access
Amenities
Golf Nearby, Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Fence Type
Partially fenced
Sewer
Municipal sewage system
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