An exciting opportunity for both investors and first-time buyers, this property features a duplex and a detached single-family home on the same lot, right in the heart of town. It's ideal for buyers who want to live in one unit while renting out the others to help cover expenses, or for investors looking to add a solid income-producing property to their portfolio. The property is currently generating $5,080 per month in rental income. Unit 260 is a one-bedroom rented for $1,400 per month on a fixed-term lease. Unit 262 is a three-bedroom unit renting for $1,640 per month, also on a fixed-term lease. Unit 266 is a three-bedroom detached home bringing in $2,040 per month on a month-to-month lease with a three-month notice. All tenants pay their own utilities except for water. Located within walking distance to everything in town, this property also offers ample parking around back, which is a rare find in this area. The buildings are structurally sound and currently cash flowing, giving you the flexibility to make cosmetic updates over time without urgency. This is a smart investment in a strong rental market with room to grow. (id:31684)
Property Features
Listing Courtesy: EXP Realty of Canada Inc.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by and identify the quality of services provided by REALTORS®. Used under license. This information contained on this site is based in whole or in part on listing content from The Canadian Real Estate Association, which assumes no responsibility for its accuracy. This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Canadian Real Estate Association.