Description

Check out this opportunity: Fully rented duplex makes it easy for you to finish planning and permitting while covering costs. This property represents great development opportunity as the lot is large and the current owner has already put in place some design drawings for and 8 unit stacked townhouse project which would nicely respond to the need for ground oriented, "missing middle" style housing. Its a highly rentable property to hang on to and rebuild later if you are an investor or developer. Terrific duplex with spacious main floor/lower level unit containing 2 main floor bedrooms and 1 lower bedroom as well as extra living space downstairs. The compact second floor 1 bedroom unit with long time tenant is bright and cheerful. Each unit has a separate entrance and driveway. The garage is mostly for storage but could potentially be OK for a car. South facing yard. Quiet, well maintained surroundings on the street and environs. Easy access to the St Laurent complex with its library, gym, pool and park. Steps form loads of food shopping on McArthur and decent access to transit. Income: $43,000. Approximate expenses: Property Insurance: $ 1,900 Enbridge is $1,400 Hydro apt 1 is $1,300 Hydro Apt 2 $1,400 ( the new tenant will be paying hydro starting Jan 1 2026) Water $1,200. 24hour irrevocable on offers. Drawings/ Soil Test report/Construction Proforma are all available for review. (id:39198)