Seize this incredible investment opportunity with a well-maintained, 1,800 sq. ft.,2 1/2-story character home in the coveted Sugarloaf district. This fully bricked residence, zoned as a Legal Duplex, offers both charm and practicality, making it a valuable addition to your portfolio. Key Features: Prime Location: Just blocks from Lake Erie, this property is conveniently located near the hospital, marina, parks, shopping centers, and top-rated schools, ensuring high tenant demand and excellent rental potential. Separate Utilities: Each unit has its own hydro meter, with updated electrical panels , ensuring safety and efficiency. Modern Upgrades: The home features a newer boiler and hot water tank (installed in 2019), and the roof on both the house and detached garage was replaced in 2017. The two-tier steps to the second unit entrance were also replaced in 2017, and the floors and paint were refreshed in 2008. Additional Income Potential: The detached garage, with a 20'x17' addition, has a concrete floor and can be rented out as storage or a workshop, providing an extra income stream. Reliable Tenants: The property currently houses long-term tenants who pay rent monthto-month, consistently on time, and maintain their units with care. This provides stability and peace of mind for potential investors. Flexible Opportunities: There is potential to negotiate new rental agreements or obtain vacant possession, offering flexibility to maximize your investment returns. This property presents numerous possibilities to optimize your investment strategy. Whether you continue with the current tenants or make adjustments to the rental agreements, the solid structure and prime location of this home ensure it will remain a lucrative asset. (id:47423)
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Detailed Information
Bedrooms
5
Bathrooms
2
Lot
40 x 124 ft
Amenities Nearby
Golf Nearby, Hospital, Marina, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Community Features
School Bus
Features
Conservation/green belt
Listing Contract Date
2024-09-24
Location Description
STEELE ST TO KENT ST
Ownership Type
Freehold
# of Parking Spaces
5
Property Type
Single Family
Structures
Porch
Transaction Type
For sale
Zoning Description
R2
Building
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Constructed Date
1918
Construction Style (Attachment)
Detached
Exterior Finish
Brick
Foundation Type
Block
Heating Type
Radiant heat
Stories Total
2.5
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Kitchen
Second level
8'0'' x 5'6''
4pc Bathroom
Second level
Measurements not available
Bedroom
Second level
10'0'' x 9'7''
Bedroom
Second level
10'7'' x 10'1''
Bedroom
Second level
9'10'' x 7'10''
Living room
Third level
25'0'' x 23'0''
Kitchen
Main level
10'2'' x 6'4''
4pc Bathroom
Main level
Measurements not available
Bedroom
Main level
9'0'' x 9'0''
Bedroom
Main level
9'0'' x 7'2''
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
under 1/2 acre
Amenities
Golf Nearby, Hospital, Marina, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Sewer
Municipal sewage system
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