Rates are coming down and this cap-rate is going up! Currently operating at a
6.88% cap-rate with market potential closer to 8.73% - it's hard to find buildings
cash flowing like this one! This fantastic investment opportunity is in the heart
of Preston with new investment happening all around and a plan for future LRT
nearby. This well maintained 7,412 sqft mixed-use building with quality, long term
residential and commercial tenants is a true turn-key opportunity. With 4
residential units and 2 commercial, this building offers a good mix of income
streams with fantastic upside potential. 2- two bedroom units and 2 - one bedroom
units on the upper levels. The Main floor commercial offers great street exposure
and long term leases. Potential for additional storage income. Equipment is all
owned, no rentals. Appliances included. Schedule a viewing todayMore details
Unlock the potential of this exceptional property! This turn-key bungalow has a
versatile layout perfect for both personal use and as a rental opportunity. This
purpose-built, legal duplex with 2 self-contained vacant units has great
income-generating potential as it has no tenants currently and you can set your own
rental rates, making it an excellent choice for first-time homebuyers looking to
decrease their mortgage payments. It is also a perfect home for anyone looking for
an in-law suite. Each unit has its own furnace, hot water heater and in-suite
laundry, as well as hydro, water and gas meters. The upper unit boasts vaulted
ceilings that are 10 ½ feet at their lowest point, built-in appliances, gas
fireplace and lots of bright and spacious living space. The well-lit lower unit,
with its full height windows and 9 foot ceilings throughout, is similarly bright
and spacious. Located on a large lot next to a greenspace with a walking trail and
stream, this home is just minutes from schools, parks, restaurants, shopping venues
and highway access. Don't miss out on this rare opportunity. Come see for yourself!More details
Welcome to a rare and versatile property offering exceptional lifestyle and income potential with front and back semi-detached bungalows under one ownership. Whether you are seeking multi-generational living, a strong real estate addition to your portfolio, or the opportunity to occupy one unit while renting the other to offset your mortgage, this property delivers outstanding flexibility.
Situated on a generous 45 x 182 ft lot, this well-maintained property offers two self-contained units, each with separate entrances, separate hydro meters, and parking for up to 6 vehicles between front and rear parking areas. Soundproofing and added insulation between the units enhance privacy and comfort. The front bungalow features a spacious 3-bedroom, 1.5-bathroom layout with open-concept living, hardwood and tile flooring, and heated bathroom floors. The well-appointed kitchen offers island seating, a pantry, and excellent functionality, while a separate laundry room and ample storage add everyday convenience. The finished lower level is enhanced with engineered hardwood flooring, pot lights, and pre-wiring for surround sound. The rear bungalow offers a bright 2-bedroom layout, complete with a 4-piece bathroom featuring in-floor heating. The open-concept main level includes an updated kitchen with soft-close cabinetry and stainless steel appliances, while French doors open to an expansive covered deck and wraparound outdoor space. The lower level bedrooms offer privacy and functionality, complete with an all-in-one washer/dryer. Additional highlights include updated LED lighting throughout, smart key lock sets, tankless water heater, shed, and dual access from both the front driveway and rear city-maintained laneway. Ideally located just steps to downtown Hespeler, shopping, parks, the library, scenic walking trails, and with quick Highway 401 access for commuters, this is a rare opportunity to secure a flexible property with strong income potential in a prime location.More details
Situated in Stanley Park close to schools, transit, shopping, and the expressway, you won’t want to miss this duplex offering over 1860 sq ft above grade with 6 parking spaces and a heated 287 sq ft workshop/studio space that could be converted back into a garage.
This is a property that will give you a place to call home now and an investment opportunity for your future.
Laid out over 2 and a half stories on a 43 x 120-foot lot, this property offers 5 bedrooms, 2 bathrooms and loads of indoor and outdoor space to enjoy.
Rent out or move into the vacant, renovated 2-bedroom main-floor space and receive steady income from the upper 3-bedroom unit.
This property has a bonus main floor workshop space that could be your art studio or additional rental income.
Meticulously poured concrete parking offers 4 parking spaces beside the house and 2 more at the back; you may consider renting a couple of spots to the neighbours in the future.
If you love the character and charm of the 1930s Arts and Crafts era homes, this property has beautiful built-in storage, accented by hardwood floors, and granite in the main floor unit. The roof was replaced in 2012, all wiring and windows have been updated. Tenants pay their own hydro. This is a low-maintenance property that can generate a little extra income while you enjoy a great location for lawn darts, bonfires, and entertaining this summer.More details