Excellent Investment Opportunity, With Family Home Annexed

This unassuming property conceals a hidden investment gem! Centrally located, a stones throw from the Ridge Road, this property comprises 5 rentable units all under one roof:

Main House #1 (2 Storey) - Family home with 4 Bedrooms / 3 Bathrooms
Apartment #2 (Lower Level) - 1 Bedroom / 1 Bathroom
Apartment #3 (Lower Level) - 2 Bedrooms / 1 Bathroom
Apartment #4 (Upper Level) - 2 Bedrooms / 2 Bathrooms
Apartment #5 (Upper Level) - 2 Bedrooms / 2 Bathrooms

See floor plans for approximate sq ft

Potential long term rental income in excess of $12,000 per month / $144,000 per annum

The main house is situated at the far end of the block where there is ample garden space to add a pool if desired or landscaping could easily create a BBQ deck and outside dining area. The house itself is arranged over 2 floors - ground floor has a large open plan living space opening onto a wrap around balcony, as well as 2 bedrooms and one shared bathroom. The front bedroom is extremely spacious. Wide staircase leads you up to 2 further bedroom suites, both with ensuite bathrooms and walk in closets. The master bedroom has a private balcony and the ensuite bathroom and closet are incredibly spacious. This unit does require some interior finishing, but has the bones to become a really lovely family home or rental unit.

In addition there are 4 adjacent apartments. The 2 units on the upper level are larger and well appointed, with one of them currently being used as an Airbnb. All units have balconies or porches. Plenty of parking and turning space to accommodate tenants.

The property has 2 large cisterns. City water connection also available. Propane lines connected to all units.