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$ 708,900
Est. payment | /mo
7 Beds
4 Baths
$ 708,900
Est. payment | /mo
7 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID X10365795
Style 2 1/2 Storey
Bedrooms 7
Annual Tax Amount $3,758
Tax Year 2024
Property Description
Solid Investment Opportunity: This fully rented legal 2.5-storey triplex presents a strong investment opportunity, delivering consistent cash flow with three separate rental units and expansion potential Property Highlights: Unit 1 - Main House: 4 large bedrooms, 2 bathrooms, a spacious kitchen, and a bright living/dining area with decorative fireplace. Second-floor laundry for tenant convenience. Unit 2 - Basement Apartment: Features a separate entrance, updated kitchen, newer 4-piece bath, and 2 large bedrooms Unit 3 - Back Unit: 1-bedroom apartment with an updated kitchen and 3-piece bathroom, suitable for singles or couples. Additional Features: Detached 2.5-Car Garage: This 20x23 ft garage includes hydro and has potential for additional rental income or conversion to an auxiliary unit. Expansion Potential: Consider converting the garage into a fourth unit or building a secondary unit on the existing pad. Recent Upgrades: New furnace (2023), updated plumbing and wiring, some newer windows, and a new roof (2021). Central A/C added in 2018. Prime Location: Conveniently located near the new University of Niagara Falls and just 30 minutes from Niagara College. Close to public transit and local amenities. With all units fully rented, this triplex offers immediate positive cash flow and significant growth potential.
Location
Province ON
County Niagara
Area Niagara
Rooms
Family Room Yes
Basement Apartment
Kitchen 3
Interior
Interior Features Separate Hydro Meter
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private, Private Double
Garage Spaces 5.0
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 7
Building
Foundation Other
Listed by RE/MAX WEST REALTY INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN