H-GO ZONING | 4 LEGAL SUITES ON 1 TITLE (2 UP, 2 DOWN) | 125 X 50 FT WEST BACKYARD LOT | APPROX. 5.30% CAP RATE | FULLY OCCUPIED AND PROFESSIONALLY MANAGED | Excellent revenue generating 4 plex in the highly sought after inner city community of Killarney. This property offers outstanding return on investment potential with an approximate 5.30% cap rate and is fully occupied with professional management already in place, making it a true turnkey investment opportunity. The lower suites have been fully renovated and were recently leased for $1,325 and $1,550 per month, while the upper suites are currently rented for $2,075 per month each. Each unit features its own updated electrical panel, separate laundry, and a fireplace (chimneys capped), along with numerous additional updates throughout. Outside you’ll find a double garage along with additional rear parking stalls on the large west facing 125 x 50 ft lot. Over the past few months the sellers have completed approximately $35,000 in roofing improvements with warranty (2-ply SBS torch-on), invested approximately $12,000 in new flooring throughout the property, trimmed all of the exterior vegetation to improve the landscaping, and repainted the fence, further enhancing the property’s curb appeal. An exceptional opportunity to add a strong cash flowing asset to your investment portfolio. Link to Investor Package and photos of the new roof in listing. (id:51989)
Features of 2431 & 2429 26 Street Sw
- MLS® Number A2326037
- Price $1,200,000
- Bedrooms: 6
- Bathrooms: 4
- Square Footage: 1954 sqft
- Community Name: Killarney/Glengarry
- Amenities Near By Park, Playground, Recreation Nearby, Schools, Shopping
- Features See Remarks, Back Lane
- Parking Space Total 4
- Plan 5661o
- Structure Deck
Buildings
| Bathroom Total | 4 | Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 2 | Bedrooms Total | 6 |
| Appliances | Refrigerator, Dishwasher, Stove, Washer & Dryer | Architectural Style | Bungalow |
| Basement Development | Finished | Basement Features | Separate Entrance, Suite |
| Basement Type | Full (finished) | Constructed Date | 1969 |
| Construction Material | Wood Frame | Construction Style Attachment | Attached |
| Cooling Type | None | Fireplace Present | Yes |
| Fireplace Total | 4 | Flooring Type | Carpeted, Laminate, Vinyl |
| Foundation Type | Poured Concrete | Heating Fuel | Natural Gas |
| Heating Type | Forced Air | Stories Total | 1 |
| Size Interior | 1954 Sqft | Total Finished Area | 1954 Sqft |
Parking
| Detached Garage | 2 |
| Parking Pad |
Land
| Acreage | No | Fence Type | Fence |
| Land Amenities | Park, Playground, Recreation Nearby, Schools, Shopping | Landscape Features | Landscaped |
| Size Depth | 38.11 M | Size Frontage | 15.28 M |
| Size Irregular | 580.00 | Size Total | 580 M2|4,051 - 7,250 Sqft |
| Size Total Text | 580 M2|4,051 - 7,250 Sqft | Zoning Description | H-go |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Living Room | 13.50 Ft x 19.33 Ft | ||
| Main Level | Living Room | 13.50 Ft x 19.33 Ft | ||
| Main Level | Dining Room | 7.50 Ft x 9.58 Ft | ||
| Main Level | Dining Room | 7.50 Ft x 9.58 Ft | ||
| Main Level | Kitchen | 11.17 Ft x 9.33 Ft | ||
| Main Level | Kitchen | 11.17 Ft x 9.33 Ft | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | Bedroom | 11.83 Ft x 9.58 Ft | ||
| Main Level | Bedroom | 11.83 Ft x 13.08 Ft | ||
| Main Level | Primary Bedroom | 13.08 Ft x 9.42 Ft | ||
| Main Level | Primary Bedroom | 13.08 Ft x 9.42 Ft | ||
| Unknown | Family Room | 23.50 Ft x 10.08 Ft | ||
| Unknown | Family Room | 23.50 Ft x 10.08 Ft | ||
| Unknown | Dining Room | 13.83 Ft x 8.58 Ft | ||
| Unknown | Dining Room | 13.83 Ft x 8.58 Ft | ||
| Unknown | Kitchen | 9.67 Ft x 8.58 Ft | ||
| Unknown | Kitchen | 9.67 Ft x 8.58 Ft | ||
| Unknown | Bedroom | 14.92 Ft x 9.92 Ft | ||
| Unknown | Bedroom | 14.92 Ft x 9.92 Ft | ||
| Unknown | 3pc Bathroom | Measurements not available | ||
| Unknown | 3pc Bathroom | Measurements not available |
Agents and Offices
- Eric Boyd
- Office: RE/MAX House Of Real Estate