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BEDROOMS 3
BATHROOMS 3
KITCHENS 14
ROOMS X13611982
MLSID Contact Us
Property Description
Take advantage of the HST Rebate pricing now!!! Incredible opportunity for investors or live in with income opportunity!!! This brand new to be built, purpose built triplex features three spacious 2 bedroom open concept units with projected gross annual income of $75,000.00. Situated on a quiet street just 2 minute drive from Fanshawe College, minutes to down town and quick drive to Western University campus. This 3 unit plan features 2286 sq ft on main and upper unit and 831 sq ft in lower unit for a total of 3117 sq ft . It is also surrounded by many amenities such as Canadian Super Store, LCBO, restaurants, and bus routes and rapid transit corridor. This location offers strong rental demand and minimal vacancy risk, great addition to anyone's investment portfolio. Great opportunity to pick tenants and set your own rent values with three vacant and ready to go units. Features of this build include exterior is finished with upgraded low maintenance vinyl board siding. Del windows, 9 ft ceilings and vaulted ceiling each unit features luxury vinyl plank flooring, making it ideal for rental wear and tear. All 3 units feature full set of stainless steel appliances, mechanical./storage room, separate high efficiency furnaces, tankless hot water tanks, 100 amp electrical panels, separate hydro meters and A/C. Plenty of parking with potential development at the rear of property. (Buyer to verify zoning details and permissions)
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Property Features
Air Exchanger, Carpet Free, In-Law Capability, In-Law Suite, Water Heater, Private, Smoke Detector
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Property Details
Address
77 Sterling Street
Community
City
Postal Code
N5Y 1Y6
Property Type
Triplex, Triplex
Lot Size
37' x 177'
Basement
Apartment, Finished with Walk-Out, Separate Entrance, Full, Finished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
3
Garage Type
None
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Listing contracted with Royal Lepage Triland Realty
Projected future rents for the triplex are estimated at $2,200/month for the upper level, $1,800/month for the ground level, and $1,500/month for the basement unit, resulting in an approximate annual Net Operating Income (NOI) of $57,000; tenants pay hydro, as all units are separately metered. Interior photos taken before current tenants moved in, come see the potential in person.
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Excellent investment opportunity at 664 Cheapside Street! This fully rented licensed triplex offers immediate rental income with three self-contained units, including a spacious 3-bedroom main-floor unit, a well-appointed 2-bedroom second-floor unit, and a 2-bedroom basement unit, each with its own separate entrance. A turnkey addition to any investment portfolio, this property provides long-term potential. Ideally located close to schools, shopping, public transit, parks, and major transportation routes, making it an attractive option for tenants. Don't miss this exceptional income-generating property-schedule your private showing today!
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