Inside the home
This is a purpose-built five-unit multiplex — four units on two floors plus a one-bedroom basement unit — in solid brick construction. The building has been held long-term and it shows: the bones are sound, the exterior is in good shape, and recent work includes updated electrical with separate meters and panels for each unit, and a new roof. The common areas and most unit interiors are original 1960s-70s vintage. One unit has been partially renovated with fresh finishes. The basement is functional but raw, housing coin-op laundry, storage lockers, and mechanicals. The large rear lot provides ample tenant parking. For an investor, the appeal is the RMR zoning, the existing five-unit income stream, and the room to improve rents as units turn over.
- Solid brick construction with well-maintained exterior
- Separate electrical meters and panels for each unit
- Large rear parking lot accommodating multiple tenants
- Updated roof shingles
- Coin-operated on-site laundry
- Upper unit balcony
- One unit recently renovated
- Fenced rear yard perimeter
Prime Investment Opportunity Well-Maintained Fourplex with RMR Zoning! Discover this excellent income-generating property nestled on a quiet court in a desirable neighbourhood. This well-kept purpose-built multi-residential building offers a mix of one 3-bedroom unit (recently renovated) and three 2-bedroom units on two floors. Also contains a fifth one bedroom unit in the basement. Recent upgrades include updated electrical systems with separate meters and panels for each unit. Updated roof shingles. Additional features include ample parking, on-site coin-operated laundry, and individual storage lockers in the basement. Whether you're a seasoned investor or just starting out, this property delivers strong cash flow in an attractive low-rise neighbourhood. Don't miss this rare opportunity to add a solid asset to your portfolio!