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$1,100,000
Est. payment /mo
5 Beds
4 Baths
1,499 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,499 sqft
Price per Sqft $733
Subdivision Landsdale
MLS® Listing ID X11892618
Bedrooms 5
Originating Board Toronto Regional Real Estate Board
Property Description
Turn-Key, Cash Flow Positive Multiplex in Lansdale! Attention savvy investors: 480 King William St is the perfect blend of strong income potential and a prime location. This legal triplex with a non-conforming fourth unit operates as four self-contained rental units and boasts impressive features to attract tenants and maximize returns. The unit mix includes a vacant 1-bedroom in the basement, a tenanted 1-bedroom on the main floor (with one parking space included), a vacant 2-bedroom on the second floor, and a tenanted 1-bedroom in the attic. The property has the potential to generate over 75,000 in annual gross rental income, with all units featuring separate metering, ensuring tenants pay their own hydro, boosting the bottom line for an incoming buyer. Recent upgrades to the stairs at the rear of the property, as well as the fencing in the back and roof (reshingled 2022). Stainless steel appliances are featured in all but the basement unit, ensuring modern appeal for tenants and reducing turnover. With six parking spaces, an in-suite laundry, and a centralized location, the property offers unmatched convenience for tenants. Located in the vibrant Lansdale neighbourhood, the property is close to schools and steps from transit and the future LRT. Whether you're expanding your portfolio or looking for a new low-maintenance investment with long-term upside potential, 480 King William is what you've been waiting for. (id:24570)
Location
State ON
Rooms
Extra Room 1 Second level 2.16 m X 1.99 m Bathroom
Extra Room 2 Second level 3.07 m X 3.16 m Primary Bedroom
Extra Room 3 Second level 3.05 m X 2.99 m Bedroom 2
Extra Room 4 Second level 2.88 m X 4.11 m Kitchen
Extra Room 5 Third level 1.4 m X 2.5 m Bathroom
Extra Room 6 Third level 3.48 m X 4.1 m Primary Bedroom
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Story 2.5
Sewer Sanitary sewer
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Listed by ROYAL LEPAGE SIGNATURE REALTY
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