2289 Loop Rd
Highlands East, K0L2A0
UNAVAILABLE
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Apartment
CATEGORY3,259 Sq Ft
TOTAL AREAX8190752
MLSIDContact Us
Property Description
FOURPLEX - Turn key investment opportunity in Wilberforce! Completely renovated in 2012 with the fourth unit being completely renovated in the last six months. This cash flow positive building has 3 units rented on a long term basis with the opportunity to move into the fourth unit or rent it to a tenant of your choosing. Unit 1: 1 bedroom, 1 bathroom, main floor. Unit 2: 1 bedroom, 1 bathroom, huge walk in closet, main floor. Unit 3: 2 bedroom, 1 bathroom, upper floor. Unit 4: Newly renovated, vacant, 2 bedroom with a walkout onto a large upper floor deck facing the backyard. The property is serviced by a sand point well and commercial septic system with a very large level, fenced backyard. A fully unfinished basement accessed from unit 1 completes this amazing investment.
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Property Details
Category
Apartment
Usage
Apts-2 To 5 Units
Zoning
GC1 - General Commercial One
Total Area
3,259 Sq Ft
Lot Size
69' x 203'
Taxes
$2,470 (2024)
Washrooms
4
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Listing contracted with Century 21 All Seasons Realty Limited
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Welcome to your dream investment in Wilberforce! This fourplex is a turnkey opportunity that's been meticulously renovated, with the fourth unit receiving a complete makeover in the last six months. Let's talk about its cash flow potential: Three units are already leased long-term, providing a steady stream of income from day one. But here's where it gets exciting: Unit 4 is newly renovated and currently vacant, giving you the option to move in yourself or handpick the perfect tenant. Each unit has its own unique charm. Unit 1 on the main floor offers a cozy 1-bedroom, 1-bathroom layout, perfect for comfortable living. Unit 2 also on the main floor features an additional luxury - a huge walk-in closet, providing ample storage space. Upstairs, Unit 3 boasts a spacious 2-bedroom, 1-bathroom configuration, offering privacy and room to spread out. Unit 4, the crown jewel of the property, features a recently renovated 2-bedroom layout and a walkout onto a large upper floor deck facing the backyard. Imagine enjoying your morning coffee or hosting gatherings in this serene outdoor space! But that's not all - the property is serviced by a reliable sand point well and commercial septic system, ensuring hassle-free maintenance. And let's not forget about the expansive, fenced backyard, perfect for outdoor activities and relaxation. Completing this amazing investment is a fully unfinished basement, accessible from Unit 1, offering endless possibilities for customization or additional living space. Don't miss out on this incredible opportunity to own a cash flow positive property with endless potential for growth and appreciation. Invest in Wilberforce today and secure your financial future!
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