Average square foot calculated using Size range provided by listing agent.
Description
Fantastic Investment opportunity with a STRONG CAP RATE! Legal triplex on a 31x100 ft lot with R4UA-c zoning. Strong rental income with Gross Operating Income of $59, 160/year. Unit 1: 2 bed/2 bath rented at $1, 900/month (all inclusive). Unit 2: 2 bed/2 bath rented at $1, 535/month (all inclusive). Unit 3: bachelor/2 bath rented at $1495/month (all inclusive). Endless flexibility to rent, renovate, or redevelop. Rare land assembly potential with neighbouring 244, 250, and 256 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® NumberX12314289
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
BasementFinished, Full
DrivewayGarage Type:None
Garage Spaces
HeatGas, Forced Air
A/CCentral Air
Heating Fuel
Extras
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