Cross Streets: Victoria and McKeand. ** Directions: Heading North on Thames St turn West onto Victoria St and property will be on your right. Welcome to 208 Victoria Street, Ingersoll! Whether you're looking to invest, enter the market with confidence, or create a spacious single-family home, this versatile property offers opportunity at every turn. Currently configured as a fully rented upper and lower duplex, each unit features 2 bedrooms and its own laundry facilities, making it highly desirable for tenants. The property is fully occupied with reliable rental income: Upper Unit: $1,300/month (heat & hydro included)Lower Unit: $1,541/month (heat & hydro included)For investors, this is a turnkey income property with solid returns and room to optimize future cash flow. Annual expenses include: Enbridge Gas: $1,701.81ERTH Power (Hydro & Water): $2,863.66Reliance Water Heater: $262.84 For first-time buyers, live in one unit and let the other help pay your mortgage, a smart way to build equity while reducing your monthly carrying costs. For families or buyers needing more space, the home could easily be converted back into a large single-family residence, offering flexibility for multigenerational living or future lifestyle changes. Situated on a large lot with ample parking, the property also features a 17.5' x 35.5' detached shop with second-floor storage - ideal for hobbyists, small business owners, tradespeople, or additional storage needs. Located in a mature neighbourhood close to amenities, schools, and everyday conveniences, this is a rare opportunity to own a property that grows with your goals. (id:27476)
