Central Air ConditioningForced AirWaterfront On Creek
About this home
Turn-Key Duplex with Accessory Unit! Exceptional Investment Opportunity! This well maintained, income generating property offers a Strong 7.66% CAP RATE and backs onto a serene creek with beautiful water views. The property features THREE Self Contained units: 3 Bedroom, 2 Bedroom, and a Bachelor unit. Currently fully rented, with one unit owner occupied, this is a fantastic opportunity for investors or owner occupiers alike. Equipped with 2 Hydro meters and 2 Gas meters, & serviced by well and septic, the property is both efficient and cost conscious. Tenants pay their own utilities as well as yard & driveway maintenance. (Note: Unit 2 covers the hydro & heat for Unit 3). UNIT 1: Bright 2 Bedroom, 1.5 Bathroom unit featuring hardwood flooring throughout the main level, pot lights, and an open concept layout. Enjoy direct access to a private backyard deck and a convenient powder room. Upstairs offers two spacious bedrooms, a full bathroom with a skylight, & in unit Laundry. Includes a private driveway with parking for up to 4 vehicles. UNIT 2: (VACANT) Charming 3 Bedroom, 1 Bathroom unit full of character, featuring high ceilings, hardwood floors, and generous living spaces. Functional kitchen with an adjacent laundry closet. Upper level includes three bedrooms & a full bathroom. Backyard access, parking for 2 vehicles included & Owner Occupied. UNIT 3: Non-conforming Bachelor unit located on the main floor with a separate entrance, clean and efficient with its own kitchen, full bathroom, & laundry. A great low maintenance rental option with 2 dedicated parking spaces. Additional highlights include a Detached 2 Car Garage offering excellent storage, a low unfinished basement for easy utility servicing, and a sidewalk right out front for added convenience. Ideally located in the heart of North Gower, within walking distance to shopping, parks, restaurants, and the LCBO. A rare, turn-key investment, this is the one you've been waiting for! Financials Available (id:28469)
Facts & features
Property
MLS® Number
X13233290
Property Type
Multi-family
Community Name
8009 - North Gower
Easement
Unknown, None
Parking Space Total
10
View Type
Direct Water View
Water Front Name
Stevens Creek
Water Front Type
Waterfront On Creek
Building
Bathroom Total
4
Bedrooms Above Ground
6
Bedrooms Total
6
Amenities
Separate Heating Controls, Separate Electricity Meters
Appliances
Dryer, Stove, Washer, Refrigerator
Basement Development
Unfinished
Basement Type
N/a (unfinished)
Cooling Type
Central Air Conditioning
Exterior Finish
Brick
Foundation Type
Stone, Poured Concrete
Half Bath Total
1
Heating Fuel
Natural Gas
Heating Type
Forced Air
Stories Total
2
Size Interior
2,500 - 3,000 Sqft
Type
Duplex
Parking
Detached Garage
—
Garage
—
Land
Access Type
Public Road
Acreage
No
Sewer
Septic System
Size Depth
75 Ft ,10 In
Size Frontage
176 Ft ,7 In
Size Irregular
176.6 X 75.9 Ft
Size Total Text
176.6 X 75.9 Ft
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.