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5
BEDROOMS2
BATHROOMS2
KITCHENS1 + 1
ROOMSS5815551
MLSIDContact Us
Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2022-11-03 | 2023-01-04 | 62 | $850,000 | - | Expired |
2022-05-09 | 2022-08-31 | 114 | $955,000 | - | Expired |
2020-09-05 | 2020-10-28 | 53 | $550,000 | - | Terminated |
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Property Description
Originally 2 Units, Now Rented As One (Easy Convert Back). (2) Year Lease To March 2023 For $3500 / Month Yr. 1 And $3550 / Month Yr 2. Tenant Is Responsible For Hydro, Gas, Snow Removal And Lawn Maintenance. In Addition, There Is A Microfit Solar, With 40 Panels Contract @ 80.20 Cents Per Kwh With A Term To December 2031 Approx $550 /Month. 2022 Noi Is $42,715. Assumable Financing @ 1.59% Fixed To April 28, 2026.
Extras
-New Roof Sept. 2022 -Property Is On An Oversized Lot. Current Zoning Permits A 3rd Unit.
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Property Details
Street
Community
City
Property Type
Duplex, Other
Lot Size
79' x 206'
Fronting
South
Taxes
$3,727 (2022)
Basement
Apartment, Finished
Exterior
Stone, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
5
Driveway
Private
Garage Type
Carport
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Similar Listings
Are you in search of a fully equipped rental opportunity? Look no further than this legal duplex, ideally situated just a 5-minute walk from Lake Simcoe on Gill Street in the sought-after South Ward. Boasting 5 bedrooms and 2 bathrooms, this property offers versatility and potential. The main floor features 3 bedrooms along with a fully updated bathroom, kitchen, floors, paint, and a charming sunroom adding an extra 149 sq ft of living space. Additionally, there's a detached garage/workshop measuring 16 x 24 with hydro, currently serving as a games room complete with a pool table, dart board, and bar. Notable upgrades include new windows, garage door, metal roof, insulation, and rubber floor in the garage. The lower unit comprises 2 bedrooms and a fully upgraded bathroom, providing ample living space. The standout feature of this property is its expansive yard measuring 50x167, offering tremendous potential for future development. With the zoning and lot size permitting an additional dwelling unit, you have the option to construct another house at the rear or convert the garage into another rental unit to maximize your return on investment. Recent upgrades include a new roof in 2018, new eaves trough, fascia, and soffit in 2020, a 200amp electrical panel in 2020, a new hot water tank in 2020, and retaining walls both front and back. Don't miss out on this exceptional opportunity schedule a showing today to explore the possibilities!
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