One property. TWO SEPARATE HOMES. Limitless possibilities! Maybe you're looking to live in a nice home and also collect rental revenue to subsidize your mortgage. Maybe you have mature children who need their own space and responsibility. Maybe you have aging parents who would benefit from having you live closeby. Or maybe you're a revenue buyer looking to add a strong performing property to your rental portfolio. This versatile property provides numerous options - it's up to you how you'd like to benefit from it! This property is centrally located in the desirable Norwood area, close to countless parks, businesses, and other amenities. The main home is a 1,063 sqft bungalow with a total of 4 bedrooms and 2 bathrooms. With a large rec/family room, additional bedroom, and even a summer kitchen, the fully developed basement offers yet ANOTHER potential stream of rental income. This home has new shingles and offers a private, fenced yard space, a covered deck and a handy storage shed. The main home is currently rented at $1,750/month and the tenant pays their own utilities. At the back of the property house sits a brand-new 676 sqft detached backyard suite bungalow built in 2025, with its own separate utility account and mailing address, making it extremely easy to manage for rental purposes. This suite offers 2 bedrooms, a 4-piece bathroom, and an open concept kitchen & livingroom area. The suite offers it's own laundry facilities, in-floor heating, a wall AC unit, & an on-demand hot water system. This suite is currently rented at $1,700/month with the tenant paying their own utilities. NOTE: The square footage noted on the listing reflects the main home only, and does not include the square footage of the rear suite. NOTE: the main house is now vacant, so if a buyer would like to keep the tenant in the rear suite then possession could be immediate. (id:27476)
