Outstanding potential in this detached single family bungalow currently used as three separate apartments. Sitting on a beautiful corner lot in a FOURTH density residential zone (R4B) in Castle Heights, a 12 minute drive to Parliament Hill (for context), it is a prime asset. Main floor 3-bedroom tenants leased through May 31, 2021 at $1,375/month inclusive. Basement 1-bedroom apartment is rented month-to-month at $1,200/month inclusive. Basement studio is rented at $975/month inclusive, tenant vacating. Excellent tenants. Always in demand. Income has room to grow. Just starting out? Live downstairs & let the other two units make you wealthy helping pay down your mortgage. Move upstairs later. Two hydro meters. 3-bed and studio forced-air natural gas furnace (newer) plus central air (older; working well). Both basement units flooded with daylight from amazing over-sized windows. Two hot water tanks are owned for reduced operating costs.
Ask your agent to book a showing! 48 hours notice required as a courtesy to our excellent tenants.
Picture-Perfect Corner Lot
Garage And Car Port
Three Quality Apartments
This home is legally registered as a single family dwelling. Zoning is fourth density residential, which supports the use. Currently the apartments are not legally recognized – a project for the buyer to increase property value significantly.
Download Additional Information!
Download a PDF with additional information about this property: what's included, income & expenses, and a financial prospectus showing sample / estimated ROI.
Interested? Have A Question?