Seize this rare opportunity to build a lucrative investment property in the heart of Westboro. Whether you choose to proceed w/ the approved 6-unit building or explore the potential for up to 12 units in it's R4UB zoning, this property offers unparalleled possibilities. The approved architectural plans include 9' ceilings, large sunlit windows, an elevator for convenience, a rooftop space for relaxation, dedicated parking, and a bike/garbage shed in the back. Unit Breakdown:Two luxurious 3-bedroom + den, 2.5-bath units w/ in-unit storage (each 1850 sqft) ideal to live in; One 2-bedroom unit; One 1-bedroom + den unit & Two 1-bedroom units. W/ a strategic unit mix, the projected annual rental income is an impressive $256,800. After a 20% projected expense of $38,520, the expected NOI is $218,280, reflecting a solid 5.5% cap rate w/ potential for growth. It provides immediate income while you plan for the future. Act now to secure this prime Westboro investment. Some pics virtually staged (id:47423)
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Detailed Information
Bedrooms
4
Bathrooms
2
Lot
52 x 107 ft
Amenities Nearby
Public Transit, Recreation Nearby, Shopping
Listing Contract Date
2024-03-25
Municipal ID
040200052
Ownership Type
Freehold
# of Parking Spaces
3
Property Type
Single Family
Transaction Type
For sale
Zoning Description
Residential
Building
Appliances
Refrigerator, Dryer, Hood Fan, Stove, Washer
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Constructed Date
1904
Construction Style (Attachment)
Detached
Cooling Type
None
Exterior Finish
Stone, Brick
Flooring Type
Hardwood, Tile
Foundation Type
Poured Concrete
# of Half Bathrooms
1
Heating Fuel
Natural gas
Heating Type
Radiant heat
Stories Total
2
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Recreation room
Second level
19'0" x 11'9"
Primary Bedroom
Second level
13'0" x 12'0"
Bedroom
Second level
11'0" x 9'9"
Bedroom
Second level
11'0" x 10'6"
Bedroom
Second level
12'6" x 8'6"
Full bathroom
Second level
Measurements not available
Living room
Main level
15'0" x 12'6"
Dining room
Main level
15'0" x 13'0"
Kitchen
Main level
18'0" x 11'0"
Solarium
Main level
18'0" x 10'6"
2pc Bathroom
Main level
Measurements not available
Laundry room
Main level
9'0" x 8'6"
Parking Spaces
Name
Spaces
Attached Garage
Surfaced
Land
Total Size
52 ft X 107 ft
Amenities
Public Transit, Recreation Nearby, Shopping
Sewer
Municipal sewage system
Size of Irregular Land
52 ft X 107 ft
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