Quick Summary
Quick Summary
- Sizable 8,000 sq.ft. lot with development potential
- Includes a rental suite with additional income
- Attractive investment opportunity with mortgage coverage
- Convenient access to public transit and back lane
This property presents a remarkable opportunity for investors, particularly given the forthcoming Bill 44, which is set to increase the density on lots near public transit. Under this new legislation, properties near the public transit and back lane access can be developed into a sixplex. With a spacious 8,000 square-foot lot, 6 bedrooms,... Show More
This property presents a remarkable opportunity for investors, particularly given the forthcoming Bill 44, which is set to increase the density on lots near public transit. Under this new legislation, properties near the public transit and back lane access can be developed into a sixplex. With a spacious 8,000 square-foot lot, 6 bedrooms, 2 bathrooms, including a rental suite downstairs. The potential rental income from this setup is substantial, with the capacity to cover a significant portion, if not the entirety, of the mortgage. Making it an attractive investment opportunity. Call us now. Easy to Show! Open house on Saturday June 22 and Sunday June 23 from 2-4pm. (id:54626)
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