NEWLY RENOVATED! This property has undergone a new paint job, new vinyl plank flooring, updated wiring throughout, new front railings, exterior finishes and more! This versatile property is suitable for owners or investors alike. This is a fully detached building that includes BOTH halves of semi-detached units under one ownership. This property represents tremendous value as either a single-family home or as investment property. It allows you several options. OPTION 1. Live in one side and let the other unit help pay your mortgage. OPTION 2. Live in one side & have a family member reside next door in the other semi-detached unit. OPTION 3. Open up a dividing wall and live in the entire building. OPTION 4. Purchase as an investment property bringing you $48,000 of POTENTIAL Gross Rental Income & a 9.26% CAP RATE. AMAZING RETURN ON INVESTMENT. Brick & stucco side-by-side dwellings. Both sides/units are vacant and ready for the next owner to choose their occupancy options. Alternatively, investors can pick their own tenants & set their own rents. No need to assume tenancies with rents far too low, this multi-residential home can provide positive cash flow right away. Both units metered separately for: gas, hydro & water/sewer. Unit A is a 2 bed, 1 bath, 2sty unit with potential gross rental income of $2000/mth ++. Unit has a wrap-around front porch, fully fenced backyard & 1 parking spot. Heating is gas wall furnace & Electric baseboards. Unit B is a bungalow layout & has 2 bdrms, 1 bath, formal living rm with electric fireplace, dining rm, eat-in kitchen & patio door to fenced backyard. It also has full, unfinished bsmt with laundry plus: vinyl plank flooring throughout, ornate woodwork, crown moulding, gas furnace, C/Air & 1 parking spot. Affordable place to call home, or great addition to your investment portfolio. Visit my website for further information about this Listing. (id:47423)
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Detailed Information
Bedrooms
4
Bathrooms
2
Lot
43.17 x 100 ft
Amenities Nearby
Hospital, Marina, Park, Schools
Features
Level
Listing Contract Date
2024-11-20
Location Description
Sidney Street And Richard Street
Ownership Type
Freehold
# of Parking Spaces
2
Property Type
Single Family
Structures
Porch
Transaction Type
For sale
Zoning Description
R3
Building
Amenities
Separate Heating Controls
Appliances
Dryer, Refrigerator, Two stoves, Two Washers, Window Coverings
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Construction Style (Attachment)
Detached
Cooling Type
Central air conditioning
Exterior Finish
Brick, Stucco
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
1.5
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Bedroom 2
Second level
4.14 m x 2.13 m
Primary Bedroom
Second level
5.03 m x 3.4 m
Kitchen
Main level
3.25 m x 2.59 m
Dining room
Main level
3.45 m x 4.34 m
Living room
Main level
5.41 m x 3.48 m
Bedroom 3
Main level
3.58 m x 3 m
Living room
Main level
5.79 m x 3.56 m
Bedroom 4
Main level
3.58 m x 2.9 m
Dining room
Main level
3.53 m x 2.92 m
Kitchen
Main level
3.45 m x 3.5 m
Utilities
Type
Description
Cable
Available
Sewer
Installed
Land
Total Size
43.2 x 100 FT | under 1/2 acre
Amenities
Hospital, Marina, Park, Schools
Fence Type
Fenced yard
Sewer
Sanitary sewer
Size of Irregular Land
43.2 x 100 FT
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