| MLS® | | Status | Sold | | Area | Long Branch | Major intersection | Lakeshore & Fortieth | Property type | Residential | Bedrooms | 6 | Baths | 3 | Home style | Detached | Parking spaces | 10 | Exterior finish | Brick | Lot size | 50' x 120' |
This is a Rare Opportunity to Acquire a Legal Duplex with a Basement Apartment on a 50’ x 120’ Lot that is Located in a Premium Long Branch Neighbourhood
3 Large Apartments – All Separately Metered for Hydro
Basement Apartment (apx 950 sq.ft.) in good condition. Spacious 1-Bedroom Unit with Large Eat-in Kitchen, Living & Dining Room, 1 Bathroom
Main Floor Apartment (apx 1200 sq.ft) in good condition. Spacious 2-Bedroom Unit with Large Eat-in Kitchen, Living & Dining Room, Walk-out to Balcony, 1 Bathroom
Second Floor Apartment (apx 1200 sq.ft.) in good condition. Spacious 3-Bedroom Unit with Large Eat-In Kitchen, Living Room, Walk-out to Balcony, 1 Bathroom
1 Common Laundry Room on the Basement Level
2 Staircases – (main front entrance & second side entrance)
All Tenancies are Currently on Month-to-Month
Existing Tenants for 5-10 Years
Gross Annual Rental Income $43,080.00
2015 Expenses $10,904.39
Net Annual Income $32,175.61
Property is in Good Solid Overall Condition
South-Facing Lot
Lake Ontario & Marie Curtis Park is 1 Block Away!
Upgrades, Improvements & Extras:
• New Roof & Attic Insulation (2014)
• Eves & Soffits (2007)
• Windows & Balcony Doors Replaced (2007)
• Fencing Replaced (2010 & 2013)
• High Efficiency Furnace (2014)
• Hot Water on Demand (2014)
• 3 Refrigerators & 3 Stoves in Good Condition
• 1 Washer & 1 Dryer in Good Condition
• 4 Separate Hydro Meters
• Survey Available
Large Lot with Parking for Up to 10 Vehicles
A Very-Well Maintained Property in a High Demand Location
Steps To TTC, Go Transit, Lake, Schools, Parks, Libraries, Shopping Centers & All Amenities
Balcony Fenced Yard Garden Shed Full Basement Washer Dryer Fridge Stove Hardwood Floors Gas Heat Listing Provided By: Sutton Group Heritage Realty Inc., Brokerage | Disclosure Statement: Trademarks owned or controlled by The Canadian Real Estate Association. Used under license. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
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