613.296.0473

403 PEACH TREE LANE
Manor Park - Cardinal Glen and Area (3103 - Viscount Alexander Park), Ontario K1K2R7

$1,369,000

ID# X10418773

Baseboard heaters

Turnkey triplex with significant upside. An additional third floor can be added under the current zoning and\r\ndrawings for three additional bachelor units have been completed. The flat roof allows you to easily convert the\r\nproperty into a Legal 6plex. As is: The Upper Level 4-bedroom unit is renting for $2800, the 4 bedroom unit on the\r\nmain level is renting for $2400, and the three-bedroom basement unit is renting for $2200 per month. Additional\r\n$275 per month of revenue from parking and laundry. Utilities are not included. Property currently has a cap rate\r\nof 5.27%. Perfect investment opportunity for growth-minded buyers. Construction services can be provided for\r\nthose interested in adding the 3 units. Permits have been submitted for the 3 additional units. 24 hrs notice for\r\nshowings due to tenants & 24 hrs irrevocable on all offers; as per form 244. Additional inclusions: 2 light fixtures in\r\nthe basement., Flooring: Hardwood, Flooring: Laminate (id:25961)

LEARN MORE ABOUT THIS PROPERTY

Courtesy of RARE REAL ESTATE INC.

Listed on: November 01, 2024

On market: 26 days

Heating Type	Baseboard heaters
Heating Fuel	Natural gas

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403 PEACH TREE LANE Manor Park - Cardinal Glen and Area (3103 - Viscount Alexander Park), Ontario K1K2R7

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