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 has strong potential for improvement. Purchasing the neighboring triplex (MLS #28076566) would allow combining both properties for a total of 6 units, providing even more flexibility. Additionally, converting the units into condos could significantly increase the property's value, making it a strategic investment in a high-demand area.
This property consists of 3 spacious units, each with 3 bedrooms, all rented without heating and electricity included, which helps keep operating costs low for the owner. The recent construction provides peace of mind with minimal maintenance required in the short term, while its prime location ensures high rental demand and a strong occupancy rate.
The optimization potential allows for increased revenue by adjusting rents, offering an excellent growth opportunity. Additionally, the option to convert the units into condos could significantly boost the property's value, making it a strategic investment choice. As part of a pair of semi-detached triplexes, this property can be sold as 6 units (see MLS listing #25954259), providing extra flexibility for potential buyers.
In summary, this property presents a rare opportunity to acquire an income-generating building that offers financial stability and appreciation potential in a high-demand area.
Building details and property interior
Dimensions
28' X 44' 11" irr.
Year constructed
2008
Living area
2,561.83 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 119'
Lot area
507.60 m²
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