About Property

Set on a large, south-facing corner lot, this red brick turn-of-the-century home has been thoughtfully converted into four apartments three one-bedroom units and one two-bedroom unit making it a fantastic investment opportunity. With below-market rents with long-term tenants ranging from $750 to $800 per month and a net operating income of approximately $15,250, this property offers considerable room for upside. The gross rent is $36,600, which includes water, gas, taxes, insurance, and maintenance. The home retains many of its original period details, showcasing the craftsmanship of its era. Hardwood floors, two decorative cast iron fireplaces, large bay windows, and soaring ceilings highlight the living spaces. Decorative archways, original doors, trim, and mouldings further enhance the character, while the generously sized principal rooms provide tenants with comfort and style not often found in modern apartments. The exterior is equally inviting, featuring a wrought-iron fence, mature trees, and lush gardens that enhance its curb appeal. A private fenced stone courtyard offers a tranquil shared outdoor space for tenants to relax and enjoy. Combining historic charm with income potential, this property is a rare opportunity for investors seeking an attractive asset with a reasonable buy-in value and considerable upside. Two paved driveways provide parking for 6 vehicles, plus a detached 1-car garage. The building has five hydro meters. Home inspection available. Offers will be presented on October 8th.

Features