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2 + 2
BEDROOMS 2
BATHROOMS 1 + 1
KITCHENS 9
ROOMS S13584890
MLSID Contact Us
Property Description
Welcome Home To 165 Cedar Island Road, This fantastic legal non conforming duplex offers exceptional flexibility, income potential, and room to grow. Ideally located just steps from the lake, scenic waterfront trails, downtown, shops, restaurants, parks, and everyday amenities, it's a property that combines lifestyle with long-term opportunity. Currently configured as a legal duplex, The upper-level unit features a bright one-bedroom layout complete with its own private laundry, spacious deck, and comfortable living space. The lower-level unit offers an expansive two-bedroom floor plan with two separate living areas, private laundry, and excellent flexibility for tenants, extended family, or multigenerational living. The home could also be converted back into a spacious 4 or 5 bedroom single-family residence if desired. Positioned to one side of the lot, the property offers excellent potential for future expansion, including the possibility of an addition, detached garage, garden suite, or even a garage with a garden suite above (subject to municipal approvals). Buyers are encouraged to complete their own due diligence with the City regarding future development possibilities. Thoughtfully updated throughout, the home features all new flooring (2021), a beautifully updated kitchen (2021), renovated bathrooms (2021), a new washer and dryer (2024), and a brand-new roof completed in (2026), Outside, you'll enjoy an expansive upper-level deck that provides a wonderful space to relax and take in views of the lake. Whether you're searching for a home with rental income, multi-generational living, or future development potential, this unique property offers an exceptional combination of versatility, location, and opportunity.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2021-06-02 | 2021-06-06 | 4 | $579,900 | $590,000 |
Property Features
Beach, Hospital, Lake Access, Lake/Pond, Level, Library, Central Vacuum, Available, Private
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Property Details
Address
165 Cedar Island Road
Community
City
Postal Code
L3V 1S9
Property Type
Duplex, Duplex
Lot Size
62' x 140'
Taxes
$3,749 (2025
Basement
Crawl Space
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
5
Garage Type
Attached
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Listing contracted with Re/Max Hallmark Chay Realty
The Price is Right!!! This legal 2-unit home (duplex) sits on an exceptionally deep lot (46.42ft x 196.66ft x 40.29ft x 173.19ft) just off Memorial Drive and offers rare 4-car parking, making it an outstanding opportunity for both investors and owner-occupiers. NOTE: The lot size makes it idea to consider Additional Dwelling Unit(s) (ADU). The property features two spacious one-bedroom units, each with excellent layout and appeal. The main floor offers a large, open-concept one-bedroom suite enhanced by a new heat pump installed in November 2025, providing efficient year-round comfort. The upper unit is bright, inviting, and equally well-designed, making it highly desirable for tenants. The home has been thoughtfully updated over the years, including a new roof in 2020, gutter replacement and extensive brick repairs completed in 2017, and the addition of separate hydro metering so tenants pay their own hydro. These improvements, combined with the property's legal duplex status, create a strong, low-maintenance investment with excellent income potential. Whether you're looking to expand your portfolio or live in one unit while renting the other to help qualify for a larger mortgage, this property delivers exceptional value in a prime location.
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Well-maintained nonconforming duplex offering two bright, spacious 1-bedroom apartments in good condition. Both units feature some updated windows, living rooms, 1 bedroom, full bathrooms, refrigerators, and stoves, providing comfortable and functional living spaces. The lower unit enjoys exclusive access to the basement, which includes laundry hookups and additional storage potential. This property presents an excellent opportunity for an owner-occupant looking to offset living expenses with rental income, or for an investor seeking a well-cared-for income property. Outside, you'll find a private backyard creating a pleasant outdoor space for tenants or owners alike. Buyers are encouraged to conduct their own due diligence regarding zoning, permitted uses, and compliance with all applicable municipal and regulatory requirements.
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