WOW! Exceptional income producing asset with huge future development potential! Prime 58x100 ft lot in the fast growing Baseline Corridor. Fully tenanted 2-unit dwelling (4-bed 2-full bath each unit) producing $83,373/yearly ($6947 monthly). An excellent cash flowing asset with a $57,927 Net Income. High demand rental area. You can decide whether you want to keep it operating as a duplex or redevelop in the future. The New Zoning for the property is MS2, allowing high density development up to 20m height. Ideally located just steps to Algonquin College, College Square, Pinecrest Recreation Centre, transit, shopping, and more. (The New Zoning in force is anticipated Sept 2026). Buy this property today and benefit from the up zoning in the nearest future. Buyers to verify zoning/permitted uses. (id:2493)
Property Type:
Single Family
Common Interest:
Freehold
Property Attached:
No
Living Area (Min):
1,100 sq. ft.102 m2
Living Area (Max):
1,500 sq. ft.139 m2
Taxes:
$4,467 /
-
Community:
6303 - Queensway Terrace South/Ridgeview
Features:
Separate Electricity Meters, Separate Heating Controls
Exterior Features:
Brick, Vinyl siding
Community Features:
School Bus, Community Centre
Security Features:
Smoke Detectors, Controlled entry
Structure Type:
House
Appliances Included:
Dishwasher, Range, Dryer, Microwave, Blinds, Two stoves, Two Washers, Water Heater, Two Refrigerators
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