Inside the home
This is a legal fourplex with a split personality — two units have been thoroughly updated with new kitchens, bathrooms, and flooring, while the others retain original wide-plank pine floors and period details like stained glass transoms and beadboard wainscoting. The building itself is solid Victorian brick. The capital work since 2022 is substantial: new ABS drain line, two AC units, 14 windows, and multiple full kitchen and bathroom renovations. The basement is shared utility space — unfinished stone foundation, two sets of laundry machines, no finishing work done there. With two or three units vacant at listing, a buyer can set market rents immediately. The 7.43% cap rate claim will depend heavily on what those vacant units achieve. Worth running your own numbers.
- Multiple kitchens and bathrooms fully renovated 2022-2025
- New laminate flooring in renovated units
- Original wide-plank pine hardwood in unrenovated units adds period character
- Two new AC units installed 2022
- New ABS main drain replacing cast iron
- 14 new windows installed across units
- Large lot with rear laneway access and parking
- Separately metered units