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$ 284,900
Est. payment | /mo
$ 284,900
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26008922
Year Built 1923
Annual Tax Amount $2,337
Tax Year 2025
Property Sub-Type Triplex
Source WESC
Property Description
A rare value-add triplex in a centrally located CBD-zoned area, offering immediate income, strong upside, and future flexibility. This is an ideal opportunity for investors looking to reposition a multi-unit asset and force appreciation through renovations and rent optimization. The property consists of three self-contained units. One unit is currently tenanted, generating $850/month plus gas and hydro, providing in-place income from day one. The remaining two units are vacant and ready for renovation, including a one-bedroom and a two-bedroom suite. Both units present a clear opportunity to add value through updates and modernization, with strong upside once stabilized. The property is well-structured for investment efficiency with separate hydro and gas meters, allowing tenants to pay their own gas and hydro, while the landlord is responsible only for water. Each unit is serviced by its own gas furnace and dedicated electrical breaker panel, supporting independent utility control and ease of management. On-site parking is available for all units. Located close to downtown amenities and within CBD zoning, the property offers additional flexibility and long-term redevelopment potential beyond its current use. The property is being sold as-is, making it a strong fit for investors seeking a straightforward value-add opportunity with clear upside through repositioning.
Location
Province ON
Zoning CBD
Interior
Heating Forced Air
Cooling Forced Air
Flooring Cushion or Lino or Vinyl, Laminate
Inclusions 3 REFRIGERATORS; 3 STOVES;
Exterior
Roof Type Asphalt Shingle
Building
Foundation Brick/Stone
Sewer Sanitary
Listed by BLUE FOREST REALTY INC.
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