Excellent Income producing investment property with Great Development Potential = Zoned TM [2214] which allows 6-Storey Development with Multiple Use. Enjoy a good income producing investment (approx. 4.76 Cap Rate when fully rented) while planning your future development of your own perfect income property investment specific to your investment portfolio needs. Located in one of the main city corridors - walking distance to 2 LRT Stations, minutes from Downtown, Dows Lake & Little Italy. Duplex is undergoing Major Renovations (with permits) inside & out = one 3-bedroom unit & one large 2-bedroom plus Den unit each unit will include 2 full bathrooms, each having it's own furnace, laundry & hydro meter with the top unit rented for $2,800 and bottom unit presently owner occupied with an estimated rental income of $2,900 per month. Property features 15 parking spaces. Each of the 3 attached Townhomes have undergone major renovations & each Townhome includes 4-bedrooms, 2 full bathrooms, & In-Unit Laundry. When fully occupied Estimated Gross Income is $201,000.00 - Estimated Gross Expenses are $32,073.00 - Estimated Net Income before mortgage costs of $168,927.00. (id:2493)
Data was last updated June 27, 2025 at 11:15 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$2,197,500
Min list price:
$609,000
Max list price:
$3,549,000
Avg days on market:
49
Min days on market:
4
Max days on market:
263
Avg price per sq.ft.:
$795.77
These statistics are generated based on the current listing's property type
and located in
4204 - West Centre Town. Average values are
derived using median calculations.
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