REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 775,000
Est. payment | /mo
1,505 SqFt
$ 775,000
Est. payment | /mo
1,505 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 1,505 sqft
Price per Sqft $514
Subdivision Allandale
MLS Listing ID S12090786
Building Age 51-99
Annual Tax Amount $5,454
Tax Year 2024
Property Sub-Type Investment
Property Description
Could this be your chance to step onto the investment ladder, or maybe a smart move for a move-up buyer where you live in one unit and rent the other two? Located in a nice central location but at the end of a dead-end street, this property offers not only three legal units but a good-sized yard. Could you add a fourth unit? The original house has been converted into two apartments, with the upper unit having been recently fully renovated and the main floor unit offering a good-sized living space. This property also has a fully detached one-bed garden suite with a long-term tenant who would like to stay. This lot is large by today's standards, offering a 67 x 165 feet yard. Plenty of space for the budding entrepreneur. There is also a commercial-grade coin-operated washer and dryer for extra income. Close by is access to Highway 400, Anne Street and Essa Road. The property is approximately a 10-minute walk to Kempenfelt Bay with everything that a fantastic beach setting has to offer. You could also walk to the Downtown GO station in approximately 10 minutes, providing many commuting options to Toronto. The property has been well managed, and there are no issues with the current Tenants. Full financials are available, including proof of the legality of the three units. Also note if you are an investor and interested in creating a larger investment portfolio #68 is also for sale @$799,000. Both of these properties are easy to manage with few vacancies over the years.
Location
Province ON
County Simcoe
Community Allandale
Area Simcoe
Zoning RM1(SP-528-HC)
Interior
Cooling No
Inclusions 3x Fridges, 3x stoves, 1x dishwasher 1x coin operated Washer and 1x coin operated Dryer, Hot Water Tank.
Exterior
Community Features Major Highway, Public Transit
Utilities Available Available
Lot Frontage 67.5
Lot Depth 165.0
Others
Security Features No
Listed by KELLER WILLIAMS EXPERIENCE REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "