Property Information:
Excellent Investment Opportunity - 9%+ Cap Rate! Great opportunity for an investor to add a cash-flowing property to their portfolio. This duplex has undergone significant renovations and improvements, with the current property offering a cap rate of over 9%. The basement unit was fully renovated in 2024 under permit, bringing the unit up to Ontario Building Code requirements. Improvements include a complete replacement of the sewer lateral, both inside and outside the property, a new water line inside and outside, as well as new basement windows and doors. The upper unit was renovated in 2024, including new electric baseboard heating, lighting, flooring, and a new bathroom. Additional exterior improvements include a new metal roof installed in 2024 and new eavestroughs installed in 2025. With substantial recent improvements, strong rental income, and a current cap rate of over 9%, this property presents an opportunity for an investor looking for a partially renovated, income-producing property with potential to continue growing their portfolio. As per form 244 all offers to contain a 48-hour irrevocability. All showings require minimum 48 hours notice. (id:27)
Building Features:
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Style:
Duplex
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Building Type:
Duplex
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Architectural Style:
Raised bungalow
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Basement Type:
N/A
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Exterior Finish:
Aluminum siding
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Floor Space:
700 - 1100 sqft
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Foundation Type:
Concrete
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Heating Type:
Baseboard heaters
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Heating Fuel:
Electric
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Cooling Type:
None
