W. 5th Exceptional 12-unit townhouse complex located at West 5th & Limeridge, seconds to Mohawk College, one of the strongest West Mountain locations. All units are held under independent condominium titles, creating a rare opportunity for investors to acquire as a portfolio today and strategically sell off individually over time, capitalizing on market appreciation and higher per-unit resale values. Units 7 and 8 are currently vacant, offering immediate flexibility to set market rents, secure ideal tenants, or begin positioning units for resale from day one. This structure provides a major advantage over traditional multi-family assets, combining stable rental income with a clear path to equity growth through phased individual dispositions as market conditions evolve. The complex features fully finished, turnkey 3-bedroom units, each with private outdoor space and covered parking. Functional layouts support strong student rental demand and end-user appealâcritical when transitioning units to resale. Strategically positioned seconds to shopping, restaurants, transit, and direct highway access, the property offers exceptional convenience and consistent tenant demand. Strong historical performance and low vacancy rates reinforce its investment strength. 12 units | 3 bedrooms, 1.5 baths | ~1,200 sq ft + ~700 sq ft semi-finished basement space per unit. Includes carports, fenced backyards, and recent roof updates. Most units feature updated kitchens with stainless steel appliances, modern backsplashes, laminate flooring, crown moulding, updated staircases with wrought iron banisters, and high-efficiency furnaces with A/C. Located on the highly sought-after West Hamilton Mountain. Ideal for investors seeking immediate income with a clear, scalable exit strategy through individual unit sales. (id:27476)
