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Description
This fully rented triplex is a fantastic opportunity for investors seeking a low-maintenance, income-generating property in the charming community of Hepworth. Featuring three spacious 2-bedroom, 1-bath units, each offering generous living space, this property is already delivering strong returns with a total annual income of $38,940.Tenants appreciate the updates and thoughtful layout: Unit 1: Fully renovated in 2023 rented at $1,300/month, Unit 2: Bathroom updated in 2021 rented at $1,000/month, Unit 3: Rented at $945/month. Recent upgrades include exterior masonry work (2021), a new boiler (2022), and a freshly re-graveled driveway in 2025. Two of the units (both main floor) include private garage spaces, and there's ample parking for all. The expansive backyard offers extra appeal for tenants and future value potential. With annual expenses of just $10,733, this property offers a solid net income and reliable cash flow from day one. Don't miss this opportunity to add a well-maintained, fully occupied triplex to your investment portfolio!
Overview
Property ID:
HML-649700596744
Type:
Investment
Square:
2,606 ft2
Price:
$439,900
PropertyType:
Commercial
TransactionType:
For Sale
BuildingAreaUnits:
Square Feet
Cooling:
No
Heating:
Gas Hot Water
ParkingFeatures:
Double Detached
YearBuilt:
Unknown
TaxAnnualAmount:
2548
PossessionDetails:
Immediate if assuming tenants
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