Description

Purpose-built, beautifully renovated legal TRIPLEX in trendy Hintonburg, less than a block from the Parkdale Market, situated on a quiet side street.

Windows & doors (2010), HE gas furnace (2010), central AC (2011). 1br in basement (50% above ground, bright, clean), 2br on main floor and a 2br + office on the top level. Shared laundry, storage, peaked roof (2004), asphalt driveway and parking area (2013). Five parking spaces.

4 Hydro meters, 3 water heaters rented by tenants, exhaust fans in 2 units.

Close to all shops and amenities, great place to live, happy tenants that want to stay.

Parking revenue 3 spaces at $80ea/month.

1br $840 and 2br $1240 (includes one parking space).

Third unit occupied by seller, estimated rental revenue for 2br + office + one parking space $1350.

Expenses: 2013 taxes $4210, heat $650, hydro $655, water $1083 & insurance $1385

Total annual revenue: $ 40,400

Total annual expenses: $ 7,983

Property zoned for a four-plex