Size
-
Lot size
7215 sqft
Street frontage
-
Possession
Flexible
Price per sqft
$440 - $550
Taxes
$4,786 (2024)
Parking Type
-
Style
2-Storey
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Description
6% CAP RATE! PURPOSE-BUILT THREE-UNIT PROPERTY IN LACKNER WOODS! This cash-flowing gem brings in approximately $7,000 per month in rental income, offering a 6% cap rate and around $1,000 per month in positive cash flow. Featuring two spacious 3-bedroom units (1,150 sq ft each) and a bright, updated 1-bedroom lower-level unit, this property is ideal for investors or owner-occupiers looking to have their mortgage paid by tenants. Each unit has been thoughtfully updated with granite countertops, open-concept layouts, vinyl flooring, and access to outdoor spaces including private balconies, a private patio, and a shared backyard. The basement unit offers a new kitchen and plenty of natural light. Tenants pay all utilities, and each unit has separate hydro meters and its own private driveway. Additional highlights include a full 2-car garage, parking for 4 more vehicles in the main driveway, and a new 2024 driveway for 2 extra cars. Recent upgrades include a new boiler (2021), chimney liner (2021), electrical (2013), owned water heater (2022), and owned water tank (2020). Located steps from shopping, parks, schools, and amenities, this turn-key investment blends income potential, location, and modern comfort.
Broker: Forest Hill Real Estate Inc.
MLS®#: X12475532
Property details
Parking:
7
Parking type:
-
Property type:
Duplex
Heating type:
-
Style:
2-Storey
MLS Size:
2000-2500 sqft
Lot front:
65 Ft
Lot depth:
111 Ft
Listed on:
Oct 22, 2025
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Rooms
| Level | Name | Size | Features |
|---|---|---|---|
Main | Bedroom | 9.4 x 13.8 ft | |
Second | Bedroom 2 | 11.6 x 8.6 ft | |
Second | Primary Bedroom | 15.0 x 9.5 ft |
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Instant estimate:
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$72,184
lower than listed pricei
High
$1,048,286
Mid
$1,026,816
Low
$959,724
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