Lancaster Ave. to Havelock Street west Three family with positive cash flow in a wonderful neighbourhood close to schools, daycare, shopping and bus route. This 3 family income property is currently owner-occupied and has two large 3 bedroom flats and a 1 bedroom apartment. Well maintained with some newer windows & doors; updated modified roof in 2017; and breaker panel. This property boasts a double lot on a separate PID under the same property account number. There is a current undeveloped area on the upper level which may represent and opportunity for 4th unit. The are 3 electrical panels so converting over to an alternate financial model is possible. There are 3 heat pumps: 2 are owned and 1 is rented. Current rents include all utilities. Please see income and expense under documents. With a current CAP Rate of 9% this would make a great addition to your investment mix. You may also decide you want to take advantage of the property income and live in one of the units yourself. Either way this is a unique investment opportunity. (id:27476)
