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$ 1,200,000
Est. payment | /mo
7 Beds
5 Baths
1,500 SqFt
$ 1,200,000
Est. payment | /mo
7 Beds
5 Baths
1,500 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500 - 2000
Square Footage 1,500 sqft
Price per Sqft $800
Subdivision Bowmanville
MLS® Listing ID E13513890
Style Bungalow
Bedrooms 7
Half Baths 1
Property Description
Opportunity Knocks! Exceptional investment opportunity featuring 2 semi-detached homes under one ownership, offering a total of 4 self contained units. This well-maintained income producing property consists of 2 spacious 2-bedroom, 1-bathroom units, 1 generous 2-bedroom, 2-bathroom unit, and 1 bright 1-bedroom unit, providing an ideal unit mix for strong and consistent rental demand. The units have been thoughtfully updated throughout with modern finishes, creating turnkey living spaces that appeal to quality tenants while helping minimize future maintenance. Each residence offers bright, functional layouts with spacious principal rooms and excellent livability. A standout feature is the oversized double detached garage, offering additional storage; parking, or future income potential. Ample parking is available at both the front and rear of the property, providing convenience for multiple tenants. Each semi is independently serviced with its own gas meter, hydro meter, furnace, and water heater, simplifying property management and utility allocation. Property taxes reflect both properties. Currently generating approximately $7,200 in monthly rental income potential, this is an outstanding opportunity for investors seeking strong cash flow with a gross cap rate of approximately 7.2%. Whether you are looking to expand your portfolio or acquire a high performing multi residential asset with long term appreciation potential, this rare offering delivers exceptional value. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling None
Exterior
Parking Features Yes
View Y/N No
Attached Garage No
Total Parking Spaces 9
Garage Yes
Private Pool No
Building
Lot Description Landscaped
Story 1
Sewer Sanitary sewer
Architectural Style Bungalow
Listed by RE/MAX Jazz INC.
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