Size
-
Lot size
460.8 sqm
Street frontage
N
Possession
-
Price per sqm
$2,994
Taxes
$3,318.8 (2023)
Parking Type
Detached Garage
Style
2.5 Storey
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Description
Seize this incredible investment opportunity with a well-maintained, 1,800 sq. ft.,2 1/2-story character home
in the coveted Sugarloaf district. This fully bricked residence, zoned as a "Legal Duplex," offers both charm
and practicality, making it a valuable addition to your portfolio. Key Features: Prime Location: Just blocks
from Lake Erie, this property is conveniently located near the hospital, marina, parks, shopping centers, and
top-rated schools, ensuring high tenant demand and excellent rental potential. Separate Utilities: Each unit
has its own hydro meter, with updated electrical panels , ensuring safety and efficiency. Modern Upgrades:
The home features a newer boiler and hot water tank (installed in 2019), and the roof on both the house and
detached garage was replaced in 2017. The two-tier steps to the second unit entrance were also replaced in
2017, and the floors and paint were refreshed in 2008. Additional Income Potential: The detached garage,
with a 20'x17' addition, has a concrete floor and can be rented out as storage or a workshop, providing an
extra income stream. Reliable Tenants: The property currently houses long-term tenants who pay rent monthto-month, consistently on time, and maintain their units with care. This provides stability and peace of mind
for potential investors. Flexible Opportunities: There is potential to negotiate new rental agreements or obtain
vacant possession, offering flexibility to maximize your investment returns. This property presents numerous
possibilities to optimize your investment strategy. Whether you continue with the current tenants or make
adjustments to the rental agreements, the solid structure and prime location of this home ensure it will
remain a lucrative asset.
Broker: RE/MAX NIAGARA REALTY LTD, BROKERAGE
MLS®#: 40603260
Property details
Parking:
5
Parking type:
Detached Garage
Property type:
Detached
Heating type:
Radiant
Style:
2.5 Storey
MLS Size:
167 sqm
Lot front:
12.19 M
Lot depth:
37.8 M
Listed on:
Jun 7, 2024
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Rooms
Level | Name | Size | Features |
---|---|---|---|
Flat | Bedroom | Unknown | |
Flat | Bedroom | Unknown | |
Flat | Bathroom | Unknown | |
Flat | Bedroom | Unknown | |
Flat | Bedroom | Unknown | |
Flat | Bedroom | Unknown | |
Flat | Bathroom | Unknown | |
Flat | Living Room | Unknown | |
Flat | Kitchen | Unknown | |
Flat | Kitchen | Unknown |