Introducing you to a lucrative investment opportunity located at 342 Montreal Avenue South. This single detached house, nestled in the heart of Meadowgreen neighbourhood, presents an exceptional chance for investment with its prime location and potential for development.Here are some key highlights of the property: Location: Situated at 342 Montreal Avenue South, this property boasts a convenient location within walking distance to W.P Bate Elementary School, Dutchak Park, and Meadowgreen Park. It's also in close proximity to various amenities, making it an attractive option for tenants or potential buyers. Rental Income: Currently rented for $1000.00/month plus utilities, the property offers immediate rental income, providing a steady cash flow for investors. Investment Potential: With its large lot size of 75'X124.90' and R2 zoning, the property presents an excellent opportunity for development. Subdivision for two single detached houses with a legal suite option is feasible with some effort, maximising the potential return on investment. Desirable Area: The Meadowgreen neighbourhood is known for its desirability and strong market demand, making it a strategic location for real estate investment. This is an opportunity not to be missed for investors looking to capitalise on the booming real estate market. For further inquiries or to schedule a viewing, please don't hesitate to contact me at your earliest convenience. I'm available to discuss the details and provide any additional information you may require. (id:47423)
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Detailed Information
Bedrooms
2
Bathrooms
1
Lot
75 x 0 ft
Total Area
561 ft2
Features
Treed
Listing Contract Date
2024-05-03
Ownership Type
Freehold
Property Type
Single Family
Transaction Type
For sale
Building
Appliances
Refrigerator, Stove
Architectural Style
Raised bungalow
Basement Development
Partially finished
Basement Type
Full (Partially finished)
Constructed Date
1950
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
1
Type
House
Rooms
Room
Level
Dimensions
Notes
Utility room
Basement
Measurements not available
Living room
Main level
9 ft x 10 ft
Kitchen
Main level
7 ft x 8 ft
Bedroom
Main level
8 ft x 7 ft
3pc Bathroom
Main level
Measurements not available
Bedroom
Main level
9 ft x 8 ft
Parking Spaces
Name
Spaces
None
Parking Space(s)
2
Land
Total Size
9367 square feet
Fence Type
Partially fenced
Landscape Features
Lawn
Size of Irregular Land
9367.00
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