Investment opportunity: a Legal Duplex that offers investors the chance to expand their turnkey portfolio or indulge in the dual benefits of living in one unit while leasing out the other. Annual Gross Revenue of $48,888 and an impressive annual cap rate of 6.81% inclusive of management, maintenance & vacancy rates, this income property promises substantial returns. This property features updated siding, shingles, windows, electrical, & plumbing, ensuring minimal maintenance and maximum appeal. Recent additions include main-level laundry facilities, new kitchens, and stylish vinyl plank flooring that is both durable and water-resistant. The timeless charm of 9-foot ceilings creates an atmosphere of spaciousness and comfort throughout. Each unit has its own private balcony and entrance, as well as separate metering, providing tenants with privacy and convenience. Situated in a central location with easy access to public transportation, grocery stores, parks, cafes, and community centers, this property offers tenants the quintessential urban lifestyle. Whether you're looking to expand your investment portfolio or enjoy the benefits of passive income, this Legal Duplex is your gateway to financial success and lifestyle enrichment. (id:47423)
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Detailed Information
Bedrooms
4
Bathrooms
2
Lot
36 x 56 ft
Amenities Nearby
Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Community Features
Community Centre, School Bus
Equipment
Furnace, Water Heater
Listing Contract Date
2024-03-06
Location Description
Ferguson street to 6th avenue.
Ownership Type
Freehold
# of Parking Spaces
2
Property Type
Multi-family
Rental Equipment
Furnace, Water Heater
Transaction Type
For sale
Zoning Description
R3
Building
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Cooling Type
None
Exterior Finish
Aluminum siding
Foundation Type
Stone
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Amenities
Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Sewer
Municipal sewage system
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