Average square foot calculated using Size range provided by listing agent.
Description
Fantastic Investment opportunity with a STRONG CAP RATE! ! Legal triplex on a large 50x100 ft lot with R4UA-c zoning. Strong rental income with Gross Operating Income of $53, 880/year. Unit 1: 1 bed/1 bath rented at $1, 300/month (all inclusive). Unit 2: 2 bed/1 bath rented at $1, 795/month (all inclusive). Unit 3: 1 bed/1bath rented at $1395/month (all inclusive). Endless flexibility to rent, renovate, or redevelop. Rare land assembly potential with neighbouring 244, 256, and 258 Hannah also available, combine for total lot size of 180x100 ft -- (18000 Sq.Ft. ). Own the block, collect the income, and control the future. Great upside in an evolving neighbourhood.Show Description
MLS® NumberX12314287
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
BasementFull, Unfinished
DrivewayGarage Type:None
Garage Spaces
HeatElectric, Baseboard
A/CWindow Unit(s)
Heating Fuel
Extras
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