Inside the home
This is a late-Victorian fourplex on a quarter-acre downtown lot — four units, a large detached garage, and a wraparound covered porch on a building that has stood for over 120 years. The reported income is $100K-plus annually across the four units, with the attic unit currently vacant. Condition varies significantly by unit. The basement unit has been freshened with new laminate flooring and a clean white kitchen. The attic unit is a different story — full tongue-and-groove wood panelling on every surface, a dated kitchen, and one bathroom that needs a complete redo. No photos of the main or second floor units were provided, so buyers will need to assess those at viewing. The bones are solid red brick. The lot size and garage are genuine assets for an income property in this location. Budget for porch deck replacement and the attic unit cosmetics before placing a new tenant.
- Impressive Victorian red brick exterior with strong curb presence
- Four self-contained units generating reported $100K+ annual rental income
- Large 0.25-acre lot with over 80 feet of frontage
- Oversized detached garage/workshop approximately 44x28 feet
- Wraparound covered front porch — rare for income properties
- Basement unit recently refreshed with new flooring and white kitchen
- Ample gravel parking for multiple tenants
- Exterior fire escape provides required egress for upper units
Build Wealth with this High-Performing Income Property! An impressive all-brick fourplex sitting on a 0.25 of an acre lot with over 80 feet of frontage, a 44’6” x 28’6” detached garage/workshop, a wraparound covered front porch, and plenty of parking. This outstanding 3,941sq.ft. income-producing powerhouse generates over $100,000 in annual rental income and a fantastic 12.27% cap rate. The rental income is as follows: Basement Unit: $1,350/month + hydro; Main Floor Unit: $2,200/month all-inclusive; 2nd Floor Unit: $2,750/month all-inclusive; Attic Unit: $1,500/month + hyrdo(tenant recently vacated and it was left vacant by the current owner so the new owner can choose their own tenant and rent at the market rate). The financials for the property are attached to the MLS listing for your realtor to access for you and a copy is also available upon request. Whether you’re growing your portfolio or purchasing your first investment property, this fourplex offers a cash-flow opportunity that rarely becomes available. Don’t miss out on this lucrative investment property! Book a viewing today!
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