This income property, consisting of 3 units, offers excellent revenue and a recent construction, making it ideal for those seeking financial stability or maximizing returns. Located in a prime area with high rental demand, it presents strong potential for improvement. Purchasing the neighboring triplex would allow for combining both properties for a total of 6 units (see MLS listing #25954259), providing even more flexibility. Additionally, converting the units into condos could significantly increase the value, making this a strategic investment in a high-demand area.
This income property, consisting of 3 units, generates excellent revenue and is a relatively recent construction, making it an ideal investment for those seeking financial stability or looking to maximize returns. With strong potential for improvement, this triplex is located in a prime area, ensuring high rental demand.
It is also possible to acquire the neighboring triplex, allowing both properties to be combined for a total of 6 units (see MLS #25954259). This option provides even more flexibility and optimization potential for the investor, while increasing revenue prospects.
Additionally, the option to convert the units into condos could significantly boost the overall value, making this property a strategic choice for any investor looking for a profitable investment in a high-demand area.
Building details and property interior
Dimensions
28' X 44' 11" irr.
Year constructed
2008
Living area
2,561 ft²
Windows
PVC
Window Type
Sliding, Casement
Siding
Brick, Vinyl
Roofing
Asphalt shingles
Washer/Dryer (installation)
Other (AU)
Basement
Finished basement, Outdoor entrance, 6 feet and more
Lot and exterior features
Lot size
45' 8" X 122'
Lot area
6,943.86 ft²
Topography
Flat
Driveway
Double width or more, Asphalt
Parking (total)
Driveway (3)
Proximity
Daycare centre, Golf, Park, Bicycle path, Elementary school, High school, Cross-country skiing, Public transportation, CEGEP, Highway