Attention investors and house-hackers! An excellent turn-key opportunity with this triplex in Old East Village. With the front unit owner-occupied and the other two units rented to A++ tenants, there's an immediate income potential of over $50, 000. At market value rent the fully rented potential income increases to over $58, 000. Each fully-contained unit has its own entrance, with every unit containing it's own appliances, including a washer, dryer, dishwasher, and microwave. No shared spaces and all units are above-grade. Unit 1 (front) - 1 bedroom, 1 bathroom currently owner occupied and vacant upon close. Unit 2 (back) - 2 bedrooms, 1.5 bathrooms rented at $1565 per month. Unit 3 (upper) - 2 bedrooms, 1 bathroom rented at $1375 per month. One of the largest residential lots on Elias, boasting up to 8 parking spots. Located close to transit and in the desirable Old East Village. Right next door to the Western Fairgrounds and close to fun at The Factory. Easy transit to downtown, 401, Fanshawe, and Western. A great investment, whether a savvy investor or someone looking to house-hack to get into the market, it's an opportunity you don't want to miss! (id:47423)
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Detailed Information
Bedrooms
5
Bathrooms
4
Lot
50 x 132 ft
Amenities Nearby
Airport, Hospital, Park, Playground, Public Transit, Schools, Shopping
Community Features
Quiet Area, Community Centre
Listing Contract Date
2024-03-09
Location Description
From Quebec, turn onto Elias. On the left-hand side.
Ownership Type
Freehold
# of Parking Spaces
8
Property Type
Multi-family
Structures
Shed, Porch
Transaction Type
For sale
Zoning Description
R3-2
Building
Basement Development
Unfinished
Basement Type
Partial (Unfinished)
Constructed Date
1912
Cooling Type
Central air conditioning
Exterior Finish
Brick
Foundation Type
Brick
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Amenities
Airport, Hospital, Park, Playground, Public Transit, Schools, Shopping
Sewer
Municipal sewage system
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