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Lakeside Investment What a beautiful investment property to add to your portfolio! A well maintained legal non-conforming triplex with numerous updates, on a huge lot just steps from Lake Ontario and in the West End is tough to find, so look no further! This property is situated in the lovely Reddendale community, steps away from waterfront parks and trails, RG Sinclair Public School, public transit stops, and many more amenities. This is a significant property built in 1964 with over 2460 sqft of space, including 3 units all with long term month to month tenants, with the lower level tenant leaving Sept 1. Unit 1-1+ bed $1124, Unit 2-2+ bed $1400, Unit 3-3 bed $1127 for an income of $43,812/year which could be increased to higher market rent. These are unique units! The main floor unit feels like it's a home by itself with 1688sqft of living space! It features a large front porch, foyer room with pocket doors, dining room, updated kitchen, cheater en-suite bathroom, French doors to a den/library, exposed brick with a gas fireplace in a sunken living room with patio doors to the large backyard, inside access to the laundry and garage, and an entire basement rec room included! The upper level unit is 1015sqft and has 3 bedrooms, original hardwood floors in great shape, exposed brick, gas fireplace, kitchen and bathroom updates, and it's own rooftop patio! The lower level unit is 1000sqft with a large living area, gas stove, updated floors, dining room, and a primary bedroom with an enormous walk-in closet. The property also has a gorgeous treed backyard near the lakefront make this attractive and rare for tenants. Coin laundry, large garage/storage and parking is situated on site. Financials and more information available.
Days On Market
September 3, 2021
Anne of Green Gables
ESPN, CPN, ASP
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