Inside the home
This is a three-unit income property on two structures — a two-storey buff brick front building with two stacked units, plus a separate bungalow at the rear that has been fully renovated. The bungalow is vacant, freshly done with new LVP flooring, pot lights, quartz kitchen counters, and a new four-piece bathroom. The two occupied units in the front building have had kitchen and bathroom updates over the past several years but are in lived-in condition. All three basements are unfinished and rough — stone walls, exposed joists — suitable for storage only. The reported gross rent is $69,600 annually across the three units. Buyers should factor in the condition gap between the renovated bungalow and the two older units. This is a buy-and-hold play near Laurier University, not a cosmetically polished package.
- Three self-contained units across two structures
- Bungalow unit fully renovated — LVP floors, quartz kitchen, new bathroom
- Reported $69,600 annual gross rental income
- Quartz counters in all three kitchens
- Close to Laurier University — strong rental demand area
- Vacant bungalow unit allows buyer to set market rent
Excellent Investment Property! This impressive property shows well and has 2,871sq.ft. above-grade with three spacious 3-bedroom units, including a completely renovated 3-bedroom bungalow that is vacant so you can set the rent for that beautifully updated unit, or live in that unit and collect the rental income from the other 2 units to pay your mortgage. The 2-storey front unit has laminate flooring, high ceilings, an updated bathroom, 3 bedrooms, in-suite laundry, and a large basement. The 2-storey rear unit has an updated kitchen with a quartz countertop, a modern bathroom, laminate flooring, 3 bedrooms plus a den that could be converted into a 2nd bathroom, and lots of storage space in the basement. The bungalow-style unit at 7 Fleet Street has been completely renovated with high ceilings, pot lighting, luxury vinyl plank flooring, a beautiful kitchen with quartz counters, 3 bedrooms with the master bedroom enjoying a walk-in closet, a new 4pc. Bathroom, and a full basement. Close to Laurier University, elementary schools, public transportation, the train station, and shopping. A great investment property with numerous updates, excellent tenants, and a high annual rental income of $69,600 with a very attractive cap rate. Book a viewing for this amazing property!