1563/65 Kingston Road

$829,000 for sale

MLS# E8249242

Bedrooms | 4+1

Bathrooms | 3

Parking | 2 Laneway Parking Spaces

Square Footage | 1,500-2,000 Square Feet

Property Taxes | $3,684.50 [2024]

Calling all investors! Great Opportunity For Savvy Buyers! This Duplex With 3 Separate Entrance Units (Metered Separately) Is Perfect For Income Potential. 1764 sqft as per MPAC. All Units Currently Rented! Great Income! Recently Renovated And Painted In All Units. 2 Laneway Parking Spaces In Rear. Bright And Spacious With Modern Bathrooms. Convenient Location Close To Schools, Parks, Shopping And Ttc At Your Doorstep. Close To Bluffers Park And Beach. This area is part of the City's Intensification planning. Precedent for assembly. Absolutely phenomenal long term density opportunity!

Extras | Full Financials available upon request. Fully tenanted: $1825/upper $2150 main $1495/ basement monthly in fixed leases. Total monthly income: $5470. Annual Income: $65,640. Tenants are paying hydro!

Included in your Purchase Price: 3 Fridges, 3 Stoves, Washer And Dryer, All Electrical Light Fixtures, All Window Coverings, 2 Laneway Parking Spaces. Great Cap Rate Opportunity. Planned Density In The Area. Set It And Forget It Until Developers Come Knocking! Current Tenants Are good.

Photo Gallery

Floorplan

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Location