Property Information:

Located in a mature Georgetown neighborhood, this legal non-conforming Boarding/lodging home delivers impressive value with income potential and long-term growth prospects. Offering 10 bedrooms above grade and more than 2,000 square feet of living space, this property is ideal for investors seeking strong cash flow and multiple rental configurations. Positioned near the heart of town, it is just an eight-minute drive to the Georgetown train station and a 10-minute walk to shops, and amenities-making it highly attractive to prospective tenants. The property currently produces a ROI with stable, long-term tenants whom are willing to remain, ensuring immediate returns. Additionally, the spacious layout provides an opportunity to enhance rental income through renovations or by accommodating larger tenant groups. The basement adds approximately 560 square feet of partially finished space, including two additional washrooms requiring renovation-offering additional living space. Upgrades include roof (2017), vinyl windows less then 15 years old, and laminate flooring on the second floor (2014) and main floor (2015). Licensed as a boarding and lodging establishment since 1991, this property also benefits from a driveway updated in 2013 with furnace and A/C updated 2023. With strong financials, ongoing tenant demand, and multiple value-add opportunities, this legal non-conforming rooming house stands out as a rare high-yield investment to match today's standards, this property can offer a great supplement to income or help pay for mortgage, maintenance and utilities. (id:27)

Building Features:

Style: Multiplex
Building Type: Duplex
Amenities: Separate Hydro Meters
Basement Development: Partially finished
Basement Type: N/A, N/A
Exterior Finish: Aluminum siding, Brick
Floor Space: 2000 - 2500 sqft
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Central Vacuum, Water softener

Property Features:

Property Type: Multi-family
Bedrooms: 10+1
Bathrooms: 4
Amenities Nearby: Public Transit, Schools
Community Features: Community Centre
Fence Type: Fenced yard
Floor Space (approx): 2000 - 2500 Square Feet
Irregular: Yes
Lot Depth: 113 Feet
Lot Frontage: 50 Feet
Lot Size: 50 x 113 FT
Structure Type: Porch
Sewer: Sanitary sewer
Parking Type: Garage
No. of Parking Spaces: 6

Courtesy of: iCloud Realty Ltd.

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Demographic Information of 29 LANGSTONE CRESCENT, Halton Hills, Ontario, L7G 4N2

Life Stage

Families with Tweens

Employment Type

Mixed

Average Household Income

$128,860.80

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.31 %

High school certificate or equivalent

32.92 %

Apprenticeship trade certificate/diploma

5.87 %

College/non-university certificate

26.29 %

University certificate (below bachelor)

2.96 %

University Degree

16.65 %

Commuter

Travel To Work

By Car

91.31 %

By Public Transit

0.0 %

By Walking

5.4 %

By Bicycle

0.0 %

By Other Methods

3.29 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

18.38 %

Houses

81.62 %

29 LANGSTONE CRESCENT, Halton Hills, Ontario, L7G 4N2