Cross Streets: Water and Argyle St. ** Directions: From Parkhill, north on Water St. Live waterside with supplemental income! Four Self-Contained Units | Water Views | Exceptional Opportunity. A rare opportunity to own a four-unit income property featuring a beautifully renovated detached 2-bedroom owner's residence with stunning water views. The bright private suite offers open-concept living, a full bath, abundant natural light, and steel roof, with efficient hydro costs of approximately $1,100 per year. The original home, built in 1867, contains two additional self-contained units, each with separate heat, hydro, and metered water, along with charming hardwood and pine floors and strong natural light. A third self-contained unit, added in 1956, offers a spacious two-level layout. Enjoy peaceful water views without the waterfront tax implications, as the shoreline on adjacent city-owned land is lovingly maintained and gardened by the current owner, creating a serene, private, park-like setting. Whether you're looking to live in one unit while generating income, create a multigenerational property, or expand your investment portfolio, this is a one-of-a-kind opportunity. The owners unit will be vacant on closing, offering the new owner the flexibility to move in or generate rental income. Plans also exist for a 10' x 12' addition on the south/east side of Unit 4. (id:27476)
