Manor Park - Cardinal Glen and Area - 3103 - Viscount Alexander Park
Manor Park - Cardinal Glen and Area - 3103 - Viscount Alexander Park
Listed For $1,369,000
Get Pre-approvedExpired
Flooring: Hardwood, Flooring: Laminate, Turnkey triplex with significant upside. An additional third floor can be added under the current zoning and drawings for three additional bachelor units have been completed. The flat roof allows you to easily convert the property into a Legal 6plex. As is: The Upper Level 4-bedroom unit is renting for $2800, the 4 bedroom unit on the main level is renting for $2400, and the three-bedroom basement unit is renting for $2200 per month. Additional $275 per month of revenue from parking and laundry. Utilities are not included. Property currently has a cap rate of 5.27%. Perfect investment opportunity for growth-minded buyers. Construction services can be provided for those interested in adding the 3 units. Permits have been submitted for the 3 additional
* Values are estimates only and not a guarantee of lending or affordability.
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