Description
This well-maintained three-unit building brings in a gross annual income of $61,047, with a strong net income of approximately $43,042 after expenses such as property taxes, insurance, heat, hydro, water, and hot water tank rental. All units are currently tenanted on a month-to-month basis, offering flexibility for investors or those looking to occupy a unit while renting the others. The top unit is a two-bedroom, one-bath suite rented at $1,795 per month all inclusive. The middle unit is also a two-bedroom, one-bath rented at $1,497.25 per month all inclusive. The basement unit is a one-bedroom, one-bath rented at $1,795 per month all inclusive. Each unit features its own private entrance, and there is a shared laundry pair in the common area of the basement. This is an excellent opportunity to secure a strong income-generating property with stable tenants in place.
Additional Details
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- Community
- 4602 - Heron Park
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- Lot Size
- 50 X 100 Ft.
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- Approx Sq Ft
- 1500-2000
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- Building Type
- Duplex
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- Building Style
- 2-Storey
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- Taxes
- $6226.42 (2025)
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- Garage Type
- None
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- Parking Space
- 5
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- Air Conditioning
- Window Unit(s)
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- Heating Type
- Forced Air
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- Kitchen
- 3
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- Kitchen Plus
- 1
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- Basement
- Full, Finished with Walk-Out
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- Pool
- None
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- Zoning
- R3A
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- Listing Brokerage
- AVENUE NORTH REALTY INC.
