Welcome to this wonderfully designed LEGAL SDU home that maximizes your returns at a 6.7% CAP when self-managed. Each unit has 4 bedrooms and 3 bathrooms (2 ensuites and 1 shared), as well as laundry, allowing for comfort and convenience for its residents. Not only was the interior fully renovated in 2021 with permits, but the home's main systems were upgraded as well including roof, mechanicals, electrical, plumbing, flooring, windows, and bathrooms, offering a fresh and contemporary feel throughout. Located in Parkway Park, this home provides easy access to transit, trails, parks, major stores, top-rated schools, restaurants, and Algonquin College. This prime location ensures all your needs are met within a short distance. With a gross income of $81,564, and low expenses of $14535 (utilities, insurance, prop tax and snow removal) for an NOI of $67029, the investment opportunity at 2300 Elmira is undeniable as it provides some of the best returns you can find in the city. (id:47423)
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Detailed Information
Bedrooms
4+4
Bathrooms
6
Lot
52 x 0 ft
Listing Contract Date
2024-07-16
Municipal ID
039550002
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Single Family
Transaction Type
For sale
Zoning Description
Residential
Building
Appliances
Refrigerator, Stove
Architectural Style
Bungalow
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1961
Construction Style (Attachment)
Detached
Cooling Type
Central air conditioning
Exterior Finish
Brick, Siding
Flooring Type
Vinyl
Foundation Type
Block
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
1
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Living room/Dining room
Basement
21'10" x 11'4"
Kitchen
Basement
9'0" x 11'4"
Bedroom
Basement
10'11" x 8'4"
3pc Ensuite bath
Basement
4'8" x 8'11"
Bedroom
Basement
11'1" x 9'0"
3pc Ensuite bath
Basement
8'5" x 2'1"
Bedroom
Basement
11'1" x 8'10"
Bedroom
Basement
11'1" x 8'10"
Full bathroom
Basement
7'10" x 4'11"
Laundry room
Basement
Measurements not available
Living room
Main level
14'0" x 11'8"
Kitchen
Main level
9'10" x 8'0"
Bedroom
Main level
8'10" x 10'1"
Bedroom
Main level
10'1" x 9'7"
3pc Ensuite bath
Main level
8'10" x 2'7"
Bedroom
Main level
10'8" x 10'4"
3pc Ensuite bath
Main level
5'4" x 6'7"
Bedroom
Main level
10'8" x 9'9"
Full bathroom
Main level
4'11" x 6'7"
Laundry room
Main level
Measurements not available
Parking Spaces
Name
Spaces
Open
Surfaced
Land
Total Size
52 ft X 0 ft (Irregular Lot)
Sewer
Municipal sewage system
Size of Irregular Land
52 ft X 0 ft (Irregular Lot)
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