Inside the home
This is a purpose-built fourplex in Eagle Place — three 2-bedroom units and one 3-bedroom unit, all currently tenanted. Each unit has its own hydro meter and panel, its own hot water tank, a balcony, and a dedicated basement locker. That setup keeps utility disputes simple and makes the building easier to manage. The building was well used and shows its age. Flooring has been updated across all units in recent years and the roof was replaced in 2022. Kitchens and bathrooms are functional but original or close to it. The unfinished basement handles shared laundry and tenant storage, with a separate landlord storage area. Rear lot has parking for up to 8 vehicles. For investors, the draw here is a straightforward income property on a stable residential street, close to transit and schools, with the heavy capital item — the roof — already done.
- Purpose-built fourplex with separate meters per unit
- New roof shingles 2022
- Updated laminate flooring in all units
- Rear parking lot for up to 8 vehicles
- Coin-op laundry providing additional income
- Individual hot water tanks per unit simplify utility management
- Each unit has private balcony and dedicated basement locker
- Fully tenanted providing immediate income
Welcome to this well-maintained, fully tenanted purpose-built 4-plex offering a solid investment opportunity in a highly convenient location close to transit, schools, parks, shopping, and everyday amenities. This property features a desirable unit mix of THREE spacious 2-bedroom apartments and ONE generous 3-bedroom unit, appealing to a wide range of tenants. Each unit is thoughtfully laid out and includes a 4 pc bathroom, full kitchen, living room, a balcony providing valuable outdoor space, along with a large dedicated locker located in the basement for added storage. Tenants enjoy the convenience of an onsite laundry room equipped with token-operated washer and dryer, generating additional income for the owner. Operational efficiency is enhanced with each unit having its own hot water tank rental, allowing for simplified utility management. The building also offers additional basement storage space reserved for landlord use, ideal for maintenance supplies or equipment. A rear parking lot provides ample parking for up to 8 vehicles, a significant asset for tenant retention and overall appeal. The property has been well cared for, reflecting pride of ownership and minimizing immediate capital expenditures for the next owner. Ideally situated in an established neighbourhood, this turnkey investment presents stable cash flow and a compelling opportunity for investors seeking a low-maintenance, income-producing property. Updates include; Roof Shingles (2022), Flooring in upstairs units 2019, Flooring in Main floor units 2023.
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