GREAT INVESTMENT OPPORTUNITY! This very large 2.5 storey legal duplex is loaded with upside potential. Located in close proximity to shopping, public transit and highway access making it very appealing for any future tenants. Current layout comprises of a large 1 bedroom apartment that occupies the entire main floor and basement, and a four bedroom apartment which occupies the two upper levels. There is a rear patio/exterior staircase to access the second level unit. The interior features a staircase that has been walled off half way, providing the opportunity to convert this back to a single family residence, or student/rooming housing. A separate side entrance that can lead directly into the basement provides an opportunity for a potential third unit. This property underwent a complete renovation in 2009 with all the following major upgrades completed: roof shingles, soffits, fascia, eaves, vinyl windows, exterior doors, electrical service upgrade to 200 AMP with separate breaker panels, complete rewire of entire home, new plumbing and more. Current tenants have lived here for decades and are willing to stay. This is a great addition to any savvy investor who can extract the tremendous upside potential out of this property. Truly an opportunity not to be missed! (id:47423)
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Detailed Information
Bedrooms
5
Bathrooms
2
Lot
33 x 146 ft
Amenities Nearby
Public Transit
Features
Crushed stone driveway
Listing Contract Date
2024-04-25
Location Description
BETWEEN EAST AND VINE
Ownership Type
Freehold
# of Parking Spaces
1
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
M1
Building
Basement Development
Partially finished
Basement Type
Full (Partially finished)
Cooling Type
Wall unit
Exterior Finish
Brick
Foundation Type
Poured Concrete
Heating Type
Radiant heat
Stories Total
2.5
Type
Duplex
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Access Type
Highway access
Amenities
Public Transit
Sewer
Municipal sewage system
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