1467 Mclarenwood Terr

Investors, Take Note! This Turnkey Triplex Is A Rare Opportunity To Own Or Live In One Of The Units While Enjoying A Well-Maintained Income Property In A Desirable Family-Friendly Neighbourhood. Fully Licensed And Fire Inspected. Offering Three Spacious Two-Bedroom Units, The Property Has Been Updated With Modern Kitchens, Bathrooms And Flooring, As Well As Updated Heating, Plumbing, And Electrical Systems. Roofing Was Updated In 2019. Projected To Generate $40,630 In Gross Rental Income For 2024, With Operating Expenses Estimated At $11,826, The Property Is Set To Achieve A Net Income Of Approximately $28,804. With Its Fair Market Rental Potential Of $64,200 Annually, This Property Offers Both Immediate Returns And Exciting Long-Term Growth Potential. Current Rents For The Middle And Lower Units Are $1,225 Per Month, Including Utilities, With Reliable, Long-Term Tenants Who Wish To Stay. The Recently Vacated Upper Unit Provides An Excellent Option For Owner-Occupancy Or Securing A New Tenant At Market Rent Of $1,750 Or More. On-Site Coin Laundry Is Available. Additional Highlights Include Ample Parking And A Private Rear Yard, All Within Close Proximity To Parks, Schools, And Public Transit. Whether Youre A Seasoned Investor Or Just Starting Your Portfolio, This Low-Maintenance, High-Performing Property Is An Exceptional Opportunity.