INCREDIBLE INVESTMENT OPPORTUNITY OR SPACIOUS 8-BEDROOM FAMILY HOME! Welcome to this versatile multi-family property tucked away on a quiet cul-de-sac in the desirable Minnow Lake neighbourhood! Offering exceptional income potential, multiple living configurations, and a deep, private lot, this property is an opportunity you won't want to miss. Currently configured as three separate living spaces, the property features a legal non-conforming duplex with an additional in-law suite (application pending). MPAC recognizes the front and rear portions as two separate dwellings under one ownership. The spacious front 4-bedroom unit features in-suite laundry, separate gas and hydro meters, and a tenant currently paying $1,800/month plus utilities, with estimated market rent potential of $2,600–$2,750/month. The rear portion offers two self-contained 2-bedroom units, both vacant and ready for immediate occupancy! The upper unit includes laundry hookups and offers estimated rental potential of $2,000–$2,200/month all-inclusive, while the lower unit could generate approximately $1,750–$1,850/month all-inclusive. Alternatively, combine the rear units to create a spacious 4-bedroom family residence, perfect for multi-generational living or an owner-occupied investment. With potential gross rental income exceeding $6,500/month, this property presents an exciting opportunity for investors looking to maximize returns. Additional highlights include separate gas and hydro meters, a combination of hot water boiler and forced-air heating, and no rental equipment! Ideally situated within walking distance of the planned KED development on the Kingsway, this property offers a convenient location with exciting future potential. Whether you're an investor, a growing family, or looking for a property that can help offset your mortgage, the possibilities here are endless! (id:27476)
