This is a golden opportunity for either a family looking for a turn-key, live-in investment or for an investor to expand their portfolio in this premier location! The 4-plex is located in the Northend, a stone's throw or a 2 minute walk from the Hydrostone Market. Featuring one massive newly vacant 3-bedroom, one 2-bedroom, one 1-bedroom, and one bachelor/studio unit. There are 5 onsite designated parking spots with a washer/ dryer in each unit, and all leases are fixed keeping market values current. The 3-bedroom unit became vacant on January 1, 2023. This allows the new buyers to move in themselves or to choose their own tenants with new lease prices and terms. The current market value of the vacant 3-bedroom unit is $3000. Calculating that estimate with the other 3 existing leases brings an estimated gross income of $94,080 with a net income of $67,492 offering a 5.2 cap rate at the list price. The long list of renovations and updates can be found in the docs on file. The 3 and 2-bedroom units have 5 appliances, the others have 4 appliances. The 3 bd unit has a private fenced in backyard space. The 2 bd unit has a lovely balcony and the 1 bedroom and the bachelor suite share another fenced in backyard space. This gem is close to amenities, shopping, medical, restaurants, bars, cafes, transit, parks, and green space. Please view the Virtual Tour to view all four units.More details
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