2931 Southmore Drive E

A great investment, turnkey, opportunity in the rental market with a quick closing available. Solid rental for the past 12 years. This house has always produced a very positive cashflow. Property is vacant, providing the new owner the ability to set their rental income. Located in a quiet residential neighbourhood with close proximity to shopping and Mooney's Bay; walkable to the O-Train. Focused renovation balancing 3 + 3 bedrooms, 3 bathrooms (includes ensuite in primary BR), natural slate flooring in the foyer for easy cleaning, large up to date open kitchen with granite countertops, freshly painted throughout and updated lighting. Ample natural light floods in through the two large west facing bay windows to highlight the stunning white oak hardwood floors. The living room features a natural gas fireplace with slate that matches the foyer floor and built-in shelves. Relaxing shared space on both the main level and downstairs (list and dates of renovations can be supplied). You will love the large closets in all the bedrooms. The primary BR has a walk-in closet (4' 8" X 5' 5") and direct access to the backyard patio through the private patio door that also provides plenty of light. Natural light continues in the basement bedrooms with the oversized, 44" high, X 43" wide egress windows and wall to wall carpet. There is a large laundry room in the basement along with a generous sized furnace room with plenty of storage space. A bonus is the additional (finished except for ceiling) room in basement that could be great as an exercise area, craft room, or any other need. Potential to add a separate kitchen downstairs with a separate entrance. Gross rental income for 2024 - $46,300 (all inclusive). Rented till Spring 2025 Expenses 2024: electric $2445.00, heat $835.00, water/sewer $1,785.00, insurance $3,190.00, property tax $5,138.44. As per form 244 allow 24 hours for irrevocable times on offers. This home is also listed as MLS # X12288746.