Description
Welcome to your prime investment opportunity! This fully renovated CASH FLOW POSITIVE triplex offers a seamless blend of modern convenience and classic charm in a sought-after location directly across from desirable Burton Ettinger School. With a monthly NET income of $4556 and cap rate of 6.95% this building would make a great addition to your portfolio! The tenants pay all of their own heat/electric as each unit includes a new electrical panel, new electric baseboard heaters and their own mini split heat pump! All 3 have also been updated with stylish new kitchens, new kitchen appliances, updated bathrooms, some new durable vinyl plank flooring, stylish light fixtures throughout and have ample parking in the large driveway. Laundry is made easy with new washer/dryer hookups each unit. Additional building upgrades include 3 new hot water heaters, a new back deck, driveway repairs and replacement of ten windows, ensuring energy efficiency and aesthetic appeal. All three units are occupied by great tenants on fixed term leases. Whether you're an investor or homeowner, this renovated gem offers an ideal opportunity for hassle-free living or a lucrative investment. Don't miss out and schedule a viewing today!
Listing Details
49 Central Avenue, Fairview, B3N 2H5
ACTIVE
$784,900
202403375
n/a
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74
00240846
Municipal
Municipal
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Building Specifications
Concrete
Asphalt Shingle
Vinyl
Hardwood,Tile,Vinyl Plank
