11 Beds 5 Bath

484 Queen Mary Street, Overbrook - Castleheights and Area, ON K1K 1W2

Overbrook - Castleheights and Area K1K 1W2 Ontario

MLS: X12383772

$1,799,900

Added 4 days ago | For Sale

Listed by: LOTFUL REALTY

About Property

Fantastic investment opportunity! Well-positioned 6-UNIT building in a rapidly growing area, offering both steady income and future upside. Four units are currently occupied, two at market rents (renovated) and two with long-term tenants paying below-market rents, leaving room for increased returns. Two fully renovated units with modern finishes are vacant, allowing the new owner to set rents and select tenants. Additional income from coin-operated laundry and rentable on-site parking enhances cash flow. The property sits in a prime redevelopment area where older homes are being replaced with multi-unit projects, driving demand and property values. With a generous lot size and R4UC zoning, there is exciting potential for future development. This is a rare chance to acquire a stabilized asset with strong current income and significant appreciation potential ideal for investors seeking both stability and growth. Come see it today!

Features

  • House Style:Multiplex
  • Bathrooms:5
  • Land Size: 72 X 92
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Electric
  • Cross Street:Alesther & right on Queen Mary Street.
  • Basement:Apartment , Apartment
  • Possession Date:TBD
  • Annual Property taxes: $9374
  • Bedrooms:11
  • Total Parking Spaces:6
  • Parking Places:6
  • Heating Type:Baseboard
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:X12383772

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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