251 King Street E

The multi-plex opportunity you were looking for is right here with a 6.8% cap rate! This unique property offers incredible versatility, featuring three separate units and many possibilities. Situated on a 79ft by 224ft lot, there are two separate residences plus a storage building. The upper-level of the main bungalow was renovated approximately 10 years ago. The open concept main floor has 4 bedrooms and 2 bath, the lower level is a newly renovated separate apartment with separate entrance, new kitchen, flooring, bathroom, and more. The two levels are currently rented together. Behind the main home is a separate two-bedroom coach house with separate address, completely renovated with new kitchen, windows, flooring, and bathroom. So much to offer with 2 owned AC’s and furnaces, 3 sets of washers and dryers, 2 hydro, 2 gas, and 2 water meters. Plus, the added onsite storage with an oversized garden shed. All units are permitted and legal with separate entrances, kitchens, laundry, and parking. They offer completely separate living spaces great for multi-generational families, a pure investor, or an owner-occupied property with built-in onsite income.