Heating
Forced air (Gas)
Well-located and full of potential, this conveniently situated 4-plex is an excellent opportunity for investors or owner-occupancy. Positioned along public transportation routes and close to all major amenities, this property sits in a proven, high-demand rental area. The building is fully tenanted with no fixed leases in place, offering flexibility for a new owner to reposition rents or occupy a unit if desired. The layout includes a spacious 2-bedroom main-floor unit, a 2-bedroom two-storey unit on the second floor, a bachelor unit on the second floor, and a 1 bedroom unit in the basement. Additional features include ample on-site parking, a large storage shed in the backyard, and a newer high-efficiency natural gas forced-air furnace. The property currently generates $48,300 in gross annual income, with significant upside potential as rents have been kept below market due to long-term tenancies, family rentals, and a maintenance-based rent reduction for one unit. An excellent entry point for a first-time investor or a savvy buyer looking to live in one unit while the remaining units help offset expenses. A versatile income property with immediate cash flow and room for future growth.
