Description

Welcome to 503 Cote Street, a modern 2019-built semi-detached home offering outstanding flexibility and strong income potential. Designed with a legal secondary dwelling unit, this property allows buyers to offset their mortgage by living in one unit while renting the other, or to maximize returns by leasing both. The home produces approximately $53,000+ in annual rental income, with tenants responsible for all utilities. Each unit features its own heating system and hydro meter, with a shared water meter.The main upper-level unit features a bright, open layout enhanced by pot lighting and large windows. The contemporary kitchen is equipped with stainless steel appliances, generous cabinetry, and a central island ideal for entertaining. The primary bedroom includes a walk-in closet and a spa-inspired 5-piece ensuite with double sinks. Three additional bedrooms, a full bathroom, and second-floor laundry complete this level, along with garage parking and an additional surface space. The lower-level unit offers a spacious and light-filled living area with a full kitchen, one bedroom, a 4-piece bathroom, private laundry, and dedicated storage-well suited for students, professionals, or extended family. One surface parking space is included. Outside, enjoy a private, landscaped backyard perfect for relaxing or hosting. The upper unit is vacant, while the lower unit is currently rented at $1,850 + utilities/month . A rare opportunity to secure a turn-key, income-producing property in a desirable location. (id:39198)