5 Bedroom
3 Bathroom
2,812 ft2
Central Air Conditioning
Forced Air
$999,000
Purpose-built legal triplex in Georgetown, backing onto a walking trail and ravine with no rear neighbours. Two 2-bedroom units on the main level and one 1-bedroom unit on the lower level, each with its own entrance, bathroom, gas furnace, central air and owned hot water tank. Separate hydro and gas meters for every unit keep owner costs low, with tenants paying their own heat and hydro. Five parking spaces, a common coin laundry room and three private storage lockers. Recent updates include a new hot water tank, plumbing and flooring (2023) and a new A/C unit and dishwasher (2025); roof about 12 years old. All three units are tenanted month to month, with 2027 guideline increases already served. Gross income of $67,400 and net operating income of about $56,152. Located inside the Georgetown GO Major Transit Station Area, close to the GO station on the Kitchener line. A low-maintenance, income-producing building in a growing town. (id:50976)
Property Details
|
MLS® Number
|
40873577 |
|
Property Type
|
Multi-family |
|
Amenities Near By
|
Hospital, Park, Public Transit, Schools |
|
Features
|
Backs On Greenbelt, Paved Driveway, Laundry- Coin Operated |
|
Parking Space Total
|
5 |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Total
|
5 |
|
Appliances
|
Microwave Built-in, Window Coverings |
|
Basement Development
|
Finished |
|
Basement Type
|
Full (finished) |
|
Constructed Date
|
1957 |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Brick |
|
Fire Protection
|
Security System |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
1 |
|
Size Interior
|
2,812 Ft2 |
|
Type
|
Triplex |
|
Utility Water
|
Municipal Water |
Land
|
Access Type
|
Road Access |
|
Acreage
|
No |
|
Land Amenities
|
Hospital, Park, Public Transit, Schools |
|
Sewer
|
Municipal Sewage System |
|
Size Depth
|
120 Ft |
|
Size Frontage
|
50 Ft |
|
Size Total Text
|
Under 1/2 Acre |
|
Zoning Description
|
Ldr1-2(mn) |
https://www.realtor.ca/real-estate/30439148/17-academy-road-georgetown
