An outstanding chance to own a fully renovated 10-unit townhome complex in a highly desirable location — all under one title with strong cash flow and condo conversion potential. This turnkey property features a mix of six 2-bedroom and four 3-bedroom units, each offering spacious layouts, private rear entrances, and finished basements for added living space. 18 parking spaces on the property for tenants. Renovated from top to bottom in 2020, every unit includes modern kitchens and bathrooms, flooring, appliances, and enhanced fire safety systems. Each townhome is separately metered for gas, water and electricity, with their own furnace, central A/C, hot water heater, and in-suite laundry — ensuring convenience for tenants and lower operating costs for owners. Tenants are responsible for paying their own utilities. The owner is responsible for hallway lighting and cleaning, waste removal, snow clearing, landscaping, and insurance. Currently generating over $23,000 gross rent per month (Average rent is $2,305) this well-maintained complex offers a strong return in a growing rental market. Whether you're looking to expand your portfolio or secure a low-maintenance asset with market rents - this property is a rare find and worth a closer look.
Property Type:
Residential Income
Property SubType:
Multi Family
Listing General Location:
52 - Preston North, 15 - Preston
Bedrooms:
24
Bathrooms:
10.0
(Full:-/Half:-)
Lot Details:
99.8 x 165
Lot Depth:
165'50.3 m
Lot Frontage:
99'10"30.4 m
Frontage Type:
West
Kitchens:
0
County Or Parish:
Waterloo
Features:
Crops Included: No, Garage: No, New Construction: No
Construction:
Concrete
Basement:
Full, Partially Finished
Foundation:
Poured Concrete
Roof:
Asphalt Shing
Number of Storeys:
2
Number of Buildings:
0
Total Floor Area:
11,128 sq. ft.1,034 m2
Finished Area Above Grade:
11,128 sq. ft.1,034 m2
Fireplace:
false
Laundry Features:
In-Suite
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
Central Air
Heating:
Forced Air, Natural Gas
Built-in Microwave,Carbon Monoxide Detector
Water Softener, Built-in Microwave, Dishwasher, Dryer, Refrigerator, Stove, Washer
Separate Heating Controls, Separate Hydro Meters
false
No
GARDEN STREET BETWEEN LAWRENCE ST AND CONCESSION ROAD
No
Carbon Monoxide Detector
HST Applicable To Sale Price:
No
Features:
Crops Included: No, Garage: No, New Construction: No
Zoning:
RM4
Lot Site Features:
City Lot, Public Transit, Schools
Features:
Crops Included: No, Garage: No, New Construction: No