This 6-unit multifamily property, located near Downtown, Wortley Village, and a major bus route, offers an excellent investment opportunity with significant value-add potential. With 2 of the 6 units left vacant on purpose, the new owner can set new rents and maximize returns. The building includes a mix of unit types: 1-2 bedroom, 3-1 bedroom, and 2 bachelor units. Recent renovations include a stucco exterior (2021), roof with spray foam silicone system (2021), and full insulation of exterior walls and ceilings (2021). All windows and doors were replaced in 2021, reducing future maintenance costs. Most units have been updated with new bathrooms. The property features 2 upgraded 200-amp electrical panels, a high-efficiency forced air gas furnace, and low utility costs. A workshop/storage building at the rear provides additional income potential. Zoned AC2 (1), this property is well-positioned for future growth and rental demand. Projected cash flow of $75,600 per year, with the opportunity to increase returns by filling vacant units at market rates. A solid investment for those seeking to add a high-potential multifamily asset to their portfolio. (39879369) (id:2493)
Property Type:
Multi-family
Common Interest:
Freehold
Total Living Area:
3,000 sq. ft.279 m2
Finished Area Above Grade:
3,000 sq. ft.279 m2
Zoning:
AC2(1)
Taxes:
$2,226.2 /
-
Community:
South F
Exterior Features:
Stucco
Bedrooms:
5
Bathrooms:
6.0
Cooling:
None
Fireplace:
No
Foundation:
Poured Concrete
Heating:
Forced air
# Storeys:
2.0
Water:
Municipal water
Sewer:
Municipal sewage system
Basement:
Partially finished, Full
Parking:
None
Photo 1 of 22
Photo 2 of 22
Photo 3 of 22
Kitchen featuring white appliances, baseboards, white cabinets, dark wood-style floors, and a sink
Empty room featuring dark wood-style flooring and baseboards
Kitchen with white appliances, dark wood-type flooring, a sink, white cabinets, and baseboards
Unfurnished bedroom with a closet, dark wood finished floors, and baseboards
Unfurnished room with recessed lighting, dark wood-style flooring, crown molding, and baseboards
Unfurnished bedroom featuring recessed lighting, baseboards, dark wood-style floors, washer / clothes dryer, and crown molding
Unfurnished bedroom featuring baseboards, dark wood finished floors, ornamental molding, freestanding refrigerator, and a sink
View of stairs
View of snowy exterior
View of doorway to property
View of home's exterior
Photo 15 of 22
Photo 16 of 22
Photo 17 of 22
Photo 18 of 22
Photo 19 of 22
Photo 20 of 22
Full bath featuring a sink, a shower stall, and wood finished floors
Kitchen featuring white appliances, wall chimney exhaust hood, dark wood-style flooring, open shelves, and a sink
Listed by Royal LePage Burloak Real Estate Services
Data was last updated March 14, 2025 at 06:45 AM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$985,000
Min list price:
$599,000
Max list price:
$4,500,000
Avg days on market:
30
Min days on market:
2
Max days on market:
144
Avg price per sq.ft.:
$328.33
These statistics are generated based on the current listing's property type
and located in
South F. Average values are
derived using median calculations.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.