List Price: $1,369,000

MLS# X10418773

Brokerage: RARE REAL ESTATE INC.


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Turnkey triplex with significant upside. An additional third floor can be added under the current zoning and drawings for three additional bachelor units have been completed. The flat roof allows you to easily convert the property into a Legal 6plex. As is: The Upper Level 4-bedroom unit is renting for $2800, the 4 bedroom unit on the main level is renting for $2400, and the three-bedroom basement unit is renting for $2200 per month. Additional $275 per month of revenue from parking and laundry. Utilities are not included. Property currently has a cap rate of 5.27%. Perfect investment opportunity for growth-minded buyers. Construction services can be provided for those interested in adding the 3 units. Permits have been submitted for the 3 additional units. 24 hrs notice for showings due to tenants & 24 hrs irrevocable on all offers; as per form 244. Additional inclusions: 2 light fixtures in the basement., Flooring: Hardwood, Flooring: Laminate
Washrooms 0
Bedrooms 0
Basement Finished
Lot Front 55.94
Lot Depth 99.87
Central Vac
Days On Market 19.0
Heat Source Gas
Garage Type Surface
Approx Age
Approx Square Footage
Taxes 6166.00
Type Triplex
Community 3103 - Viscount Alexander Park
Air Conditioning None

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