See all 30 photos
30 photos
REQUEST A TOUR
$550,000
Est. payment /mo
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 876 - East Village
MLS Listing ID X12053122
Style 2-Storey
Bedrooms 5
Building Age 51-99
Annual Tax Amount $2,059
Tax Year 2024
Property Sub-Type Triplex
Lot Depth 66.0
Lot Front 45.0
Appx SqFt 1100-1500
Property Description
INCREDIBLE INVESTMENT OPPORTUNITY! This updated triplex is the perfect cash-flow property to add to your portfolio. Once fully tenanted, it will generate over $50,000 in annual rental income! With projected rents of $1,800 for the main unit, $1,700 for the upper unit, and $1,000 for the lower unit, the total rental income reaches $54,000 per year. At $550,000 with operating expenses of just $10,000 per year, this triplex boasts an impressive 8.00% CAP rate - a fantastic opportunity for investors seeking strong returns! Three Separate Units - Upper Unit (Rented): Spacious 3-bedroom + den, full kitchen, 4-piece bathroom, living room, and private balcony. Main Floor Unit: Bright 2-bedroom layout, full kitchen, living room, and 4-piece bathroom. Lower Unit: Open-concept studio with a full kitchen, living area, and dining space. Separate Entrances & Hydro Meters for each unit, 1 gas Meter. Shared Laundry for tenant convenience. Double-Wide Driveway providing ample parking. Whether you're an investor looking for solid cash flow or an owner-occupant seeking mortgage assistance, this high-potential property is a must-see. Don't miss out schedule a viewing today!
Location
Province ON
County Niagara
Community 876 - East Village
Area Niagara
Zoning NC
Rooms
Family Room No
Basement Finished, Separate Entrance
Kitchen 3
Interior
Interior Features Other
Cooling None
Inclusions 3 stoves, 2 fridges, 2dishwasher, washer, dryer
Exterior
Parking Features Private Double
Pool None
Roof Type Asphalt Shingle
Lot Frontage 45.0
Lot Depth 66.0
Total Parking Spaces 4
Building
Foundation Concrete Block
Others
Senior Community No
ParcelsYN No
Read Less Info
Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE