Unique Investment Opportunity – 5-Suite Property, The Palace offers an excellent investment opportunity with five 1-bedroom suites, each rented at $675/month. Ideal for those looking to expand their rental portfolio, this property serves as an affordable housing option for individuals in need of stable accommodations. Situated in a mature neighborhood and accessible location, and providing essential amenities for tenants. The suites are individually occupied, ensuring a steady cash flow. With a total rental income of $3,375 per month, this property presents a solid return on investment. (Annual Potential Rental Income: $40500 Annual Expenses: Utilities: $4185, Water/Garbage: $4224, Insurance: $2785, Tax: $3026)
Whether you're an investor looking for a consistent income property or someone who wants to contribute to providing accessible/affordable housing, this home is worth considering. Contact today for more details
Address
1-5, 439 3 Street W
List Price
$235,000
Property Type
Multi-Family
Type of Dwelling
4 plex
Area
Brooks
Sub-Area
West End
Floor Area
1,982 Sq. Ft.
Year Built
1948
MLS® Number
A2193648
Listing Brokerage
RE/MAX Main Street Realty
Basement Area
Separate/Exterior Entry, Finished, Full, Suite
Postal Code
T1R 0E7
Zoning
RHD
Site Influences
Corner Lot