RE/MAX Real Estate (Central)

Ray Todd

This well-maintained and upgraded legal 4-plex investment property is strategically located in the desirable neighborhood of Cambrian Heights and minutes to Confederation Park making it an ideal opportunity for investors seeking to enhance their portfolio with multi-family housing. Each unit features separate entrances, ensuring privacy for tenants while providing a cohesive community atmosphere.

The property consists of four units, 2  two-bedroom, one-bathroom units, and 2 one-bedroom units that could be converted to two bedrooms as already 2 closets,  each equipped with essential amenities such as a shared laundry on each side of the complex, updated modern white  kitchens, and spacious living areas. With an attractive layout and ample natural light, these units appeal to a range of tenants, from young professionals to small families.

The exterior of the building boasts a low maintenance  facade with well-kept landscaping and designated parking spaces for tenants plus plenty of street parking. The property is compliant with all local zoning regulations and has been certified as a legal 4-plex, ensuring that each unit is recognized as a separate dwelling for legal and financial purposes.

Investing in this 4-plex not only provides a steady stream of rental income but also offers potential for appreciation in an area with high demand for rental properties. The current occupancy rate is strong, with long-standing tenants in place, minimizing turnover and vacancy risks.

This property stands out due to its low maintenance needs and the fact the kitchens and bathrooms have been updated in all units. Rental income could be increased and converting the utility costs back to the tenants would improve the income return. .There are 4 gas meters and 4 electrical meters. 

Whether you're a seasoned investor or new to real estate, this legal 4-plex presents a unique opportunity to invest in a thriving market with solid returns. Current rents are $1400/month for 2 bedrooms, $1100/month for one bedrooms. Insurance $2756, utilities $13,300, Property Tax $4,702.42, Repair and Maintenance $1,837(2024)

Attention Investors! Immaculate, updated legal  4-plex ideally located in Cambrian Heights, 1 block to Confederation Park. Current income $60,000/year. Current insurance is $2,756/year. Newer white kitchens and bathrooms in all units! Fully rented, main floor features 2 bedroom suites with hardwood floors. The lower levels are both very large 1 bedrooms. Easy access everywhere! Main floor sq footage is 2037 sq ft.. Meticulously maintained, the property boasts newer white kitchens and bathrooms with ceramic tiling in all units. Updates include 4 furnaces 2007 and shingles replaced in 2011, ensuring the building's efficiency and structural integrity. Hot water tanks were replaced between 5-8 years ago. 

Each unit features hardwood floors on the main level, providing a warm and inviting living space. Off-street parking for 4 vehicles is available at the back of the property. The sale includes 4 refrigerators, 4 electric stoves, 2 dishwashers, 2 washers, 2 dryers, and 2 storage sheds. The window coverings owned by the sellers are also included.

The total size of the property is 3,901.85 square feet, with the main level measuring 2,037.72 square feet and the basement 1,864.13 square feet. The 50ft frontage lot offers ample space for outdoor enjoyment. Title and Real Property Reports are available in the supplements on the listing.

Currently, the property generates a monthly income of $5,000,, which is considered low for the area, presenting an opportunity for potential growth. Rents on some other units in comparable properties are higher. Don't miss the chance to own this well-maintained and income-generating property in a desirable location.

RE/MAX House of Real Estate

This well maintained and upgraded legal 4-plex investment property is strategically located in the desirable Neighbourhood of Cambrian Heights and minutes to Confederation Park making it an ideal opportunity for investors seeking to enhance their portfolio with mult-family housing. Each unit features separate entrances, ensuring privacy for tenants while providing cohesive community atmosphere. The property consists of 4 units, 2 -two bedroom units on the main floor and 2 large one bedroom units on the lower level. These units could possibly be converted to two bedrooms as the large bedrooms have closets on each side of the room. Each suite equipped with essential amenities such as shared laundry on each side of the complex, updated modern white kitchens and spacious living areas. With an attractive layout and ample natural light, these units appeal to a range of tenants from young professionals to small families. The exterior of the building boasts a low maintenance facade with well-kept landscaping and designated parking spaces for tenants plus plenty of street parking. The property is compliant with all local zoning regulations and has been certified as a legal 4-plex, ensuring that each unit is recognized as a separate dwelling for legal and financial purposes. Investing in this 4-plex not only provides a steady stream of rental income but also offers potential for appreciation in an area with high demand for rental properties. The current occupancy rate is strong, with long-standing tenants in place, minimizing turnover and vacancy risks. This property stands out due to its low maintenance needs and the fact the kitchens and bathrooms have been updated in all units. Rental income could be increased and converting the utility costs back to the tenants would improve the income return. .There are 4 gas meters and 4 electrical meters. Whether you're a seasoned investor or new to real estate, this legal 4-plex presents a unique opportunity to invest in a thriving market with solid returns. Current rents are $1400/month for 2 bedrooms, $1100/month for one bedrooms. Insurance $2756, utilities $13,300, Property Tax $4,702.42, Repair and Maintenance $1,837(2024)