6 Bedroom
3 Bathroom
Other
$725,000
Investors, take note! This turnkey triplex is a rare opportunity to own or live in one of the units while enjoying a well-maintained income property in a desirable family-friendly neighbourhood. Fully licensed and fire inspected. Offering three spacious two-bedroom units, the property has been updated with modern kitchens, bathrooms and flooring, as well as updated heating, plumbing, and electrical systems. Roofing was updated in 2019. Projected to generate $40,630 in gross rental income for 2024, with operating expenses estimated at $11,826, the property is set to achieve a net income of approximately $28,804. With its fair market rental potential of $64,200 annually, this property offers both immediate returns and exciting long-term growth potential. Current rents for the middle and lower units are $1,225 per month, including utilities, with reliable, long-term tenants who wish to stay. The recently vacated upper unit provides an excellent option for owner-occupancy or securing a new tenant at market rent of $1,750 or more. On-site coin laundry is available. Additional highlights include ample parking and a private rear yard, all within close proximity to parks, schools, and public transit. Whether youre a seasoned investor or just starting your portfolio, this low-maintenance, high-performing property is an exceptional opportunity. (id:50976)
Property Details
|
MLS® Number
|
X10433561 |
|
Property Type
|
Single Family |
|
Community Name
|
East O |
|
Features
|
Irregular Lot Size |
|
Parking Space Total
|
6 |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Above Ground
|
4 |
|
Bedrooms Below Ground
|
2 |
|
Bedrooms Total
|
6 |
|
Appliances
|
Water Heater, Dishwasher, Refrigerator, Stove |
|
Basement Development
|
Finished |
|
Basement Features
|
Apartment In Basement, Walk Out |
|
Basement Type
|
N/a (finished) |
|
Exterior Finish
|
Brick |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Other |
|
Stories Total
|
2 |
|
Type
|
Triplex |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
107 Ft ,1 In |
|
Size Frontage
|
45 Ft ,1 In |
|
Size Irregular
|
45.16 X 107.12 Ft ; 107.12 Ft X 45.13ftx111.00ft X 45.16ft |
|
Size Total Text
|
45.16 X 107.12 Ft ; 107.12 Ft X 45.13ftx111.00ft X 45.16ft|under 1/2 Acre |
|
Zoning Description
|
R3-2 |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Second Level |
Kitchen |
3.357 m |
4.892 m |
3.357 m x 4.892 m |
|
Second Level |
Living Room |
6.772 m |
3.297 m |
6.772 m x 3.297 m |
|
Second Level |
Bedroom |
3.355 m |
3.818 m |
3.355 m x 3.818 m |
|
Second Level |
Bedroom 2 |
2.734 m |
3.377 m |
2.734 m x 3.377 m |
|
Second Level |
Living Room |
6.71 m |
3.289 m |
6.71 m x 3.289 m |
|
Second Level |
Bedroom |
3.351 m |
3.84 m |
3.351 m x 3.84 m |
|
Second Level |
Bedroom 2 |
2.76 m |
3.315 m |
2.76 m x 3.315 m |
|
Lower Level |
Bedroom |
3.217 m |
3.164 m |
3.217 m x 3.164 m |
|
Lower Level |
Bedroom 2 |
3.196 m |
2.839 m |
3.196 m x 2.839 m |
|
Lower Level |
Kitchen |
4.783 m |
3.171 m |
4.783 m x 3.171 m |
|
Lower Level |
Living Room |
4.583 m |
3.208 m |
4.583 m x 3.208 m |
|
Main Level |
Kitchen |
4.876 m |
3.357 m |
4.876 m x 3.357 m |
https://www.realtor.ca/real-estate/27671821/1467-mclarenwood-terrace-london-east-o
