Size
-
Lot size
1520.36 sqm
Street frontage
E
Possession
Flexible
Price per sqm
$2,155 - $2,688
Taxes
$3,447.88 (2023)
Parking Type
-
Style
2-Storey
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Description
Welcome To 165 Sydenham St, A Remarkable Duplex Currently Utilized As Five Units, Generating Impressive Rental Income. This "Cash Cow" Property Offers An Attractive Cap Rate Of Over 8%! Situated On A Spacious Over Half An Acre With A 254 Ft Deep, L-Shaped Lot Backing Onto A Ravine With No Rear Neighbours, It Offers Significant Development Potential. The Property Generates $69,720 Annually With One Vacant Unit That Could Increase Your Income To $84,120 Per Year. Additionally, There Is A Detached Heated Workshop That Can Be Used Personally Or Rented Out For Extra Cash Flow. Perfect For Investors Seeking Substantial Rental Income Or Families Looking For Multi-Generational Living Arrangements, This Property Is Centrally Located, Offering Easy Access To Amenities, Shopping, And Public Transit. Whether You're An Investor Or Searching For A Spacious Home With Rental Potential, This Multi-Unit Property Presents An Exceptional Opportunity.
EXTRAS: Shop Rented for $1000/m. Landlord Pays Utilities, Gas/Hydro/Water.
EXTRAS: Shop Rented for $1000/m. Landlord Pays Utilities, Gas/Hydro/Water.
Broker: ROCK STAR REAL ESTATE INC.
MLS®#: X8466002
Property details
Parking:
6
Parking type:
-
Property type:
Duplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
186-232 sqm
Lot front:
19.51 M
Lot depth:
78.03 M
Listed on:
Jun 22, 2024
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