Property type
Triplex
Lot size
< .50 acres
Style
2-Storey
Approx. Area
N/A
Room Type | Dimension (length x width) | Features | Level |
---|---|---|---|
Living Room | 5.12 x 3.18 m | N/A | Main |
Dining Room | 2.99 x 2.29 m | N/A | Main |
Kitchen | 3.02 x 2.29 m | N/A | Main |
Bedroom | 4.5 x 2.76 m | N/A | Main |
EXCEPTIONAL Investment Opportunity or Ideal Multi-Generational Home! Discover a rare chance to own an updated income-generating triplex with a CAP Rate of 4.1%. A standout opportunity for savvy investors or those seeking a spacious, multi-generational living solution for the entire family. The top & main floor apartments are fully furnished & with both leases expiring at the end of this summer, they can be turned into AirBnB units for potentially more income generation. With a yearly rental revenue of $83,057, this triplex presents a fantastic opportunity to boost returns. Full inspection has been completed & the report is available/attached. Close to the airport, the bus stop is just a short walk away, GO Train, Humber College, the waterfront, & all essential amenities. It consists of 3 spacious two-bedroom units, each thoughtfully updated to provide modern living spaces. The entire building, including all common areas & units, has been freshly painted & extensively renovated. Recent upgrades include a reshingled roof & insulation to enhance efficiency. The basement unit has been renovated, featuring a new fire escape window, kitchen, new tiles & laminate flooring throughout. The main floor & top-floor units have also been updated with renovated kitchens & laminate flooring. The top-floor apartment boasts new kitchen countertops & upgraded cupboard doors. The property features two walkout balconies up front & one walkout to a sundeck at the rear with a private entrance. A complete list of upgrades is available. 3 separate hydro meters & hot water tanks. Coin-operated washer & dryer. All electrical updated. The property offers 5 parking spots, one at the front & 4 at the back of the building, making it convenient for tenants. Whether you are an investor looking for a high-return property or a homeowner seeking additional rental income, this triplex is a rare find in a highly sought-after area. See attached for financials, floor plans & a complete list of upgrades.
Last updated
May 28
Virtual tour
None
Basement information
Apartment, Separate Entrance
Building size
--
Status
In-Active
Property sub type
Triplex
Maintenance fee
$N/A
Year built
2024
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