Overview
|Description
Situated on a premium 50 x 125 ft lot with 7 parking spaces, this well-maintained income property offers exceptional upside potential, including the possibility of a future garden suite (buyer to verify). Ideally located near major highways and Toronto Pearson Airport, the property benefits from strong and consistent rental demand. Two units are currently operating as short-term rentals, providing flexible income opportunities (subject to municipal compliance). Extensive renovations have already been completed, including new laminate flooring, updated kitchens and bathrooms, new doors, new asphalt, two furnaces, two A/C units, two tankless water heaters, and a roof replaced in 2013 and windows are vinyl. Tenant-paid utilities help minimize operating expenses and maximize cash flow. The building features two separate laundry areas, including on-site coin-operated laundry for additional income potential. Ample parking ensures convenience for both tenants and visitors. Impeccably maintained and truly move-in ready, this property requires no further work. Whether you’re an investor seeking a turnkey income property or an end-user looking to live in one unit while generating rental income from the others, this is a rare opportunity combining location, upgrades, strong cash flow, and long-term development potential. Tenants are willing to stay, with vacant possession also available upon closing.
Additional Details
- Roof: Shingles
- Sewer: Sewer
- Cooling: Central Air
- County: Toronto
- Property Type: Residential
- Pool: None
- Architectural Style: 2-Storey
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