Situated less than one block south of College and only three blocks west of Bathurst, this three unit income property has undergone extensive renovation since 2005. It is currently functioning as a live/rent property with the owner occupying the upper level while the main floor, lower level and modern detached garage are rented out and generating a combined income of $2,225 per month. Significant additional income could be generated if the upper suit was also rented or alternatively, the property could be converted back to a single family home.
The main floor living room has hardwood floors, crown moulding, 9ft. 6in. ceiling, a modern west facing bay window, and deep baseboards. The living room offers hardwood floors, a modern east facing window, deep base boards and the same high 9ft. 6in.ceiling. The up-to-date kitchen is open and bright with a ceramic floor, upgraded window, modern cabinetry, 8ft 5in ceiling and a storage closet. There is also a four piece bathroom with ceramic floor, pedestal sink, sconce lighting, ceramic tub and shower enclosure as well as a full size, stacked washer and dryer. The good sized bedroom is carpeted and has a modern east facing window, a large closet and direct access to the private east facing yard.
The upper unit has a fantastic, open concept living/dining room area with Oak hardwood flooring, 9ft. 10in. ceilings, a west facing, three pane bay window, exposed brick accent wall and an additional west facing window. It’s a great, fully upgraded space! The very modern and highly functional kitchen was newly installed in 2005. It has Oak hardwood flooring, custom cabinetry, granite counter tops, eating area, 9ft. 10in. ceiling, ceramic wall and backsplash and is complete with modern stove, fridge and dishwasher. There is a four piece bathroom with ceramic floor, ceramic tub and shower enclosure, pedestal sink, sconce lighting and a full size, stacked washer and dryer. The bedroom is carpeted, has a good sized closet and direct access to a second floor deck that faces east for that morning sun and a view of downtown.
The lower unit has had major upgrades including soundproofing, upgraded flooring, extensive painting and upgraded lighting. The fully carpeted living room has halogen lighting, a small bay area with an above grade window, a coat closet and two additional closets. The kitchen was newly installed in 2005. It has an engineered wood floor, halogen lighting, modern cabinetry and a very large storage closet. The dining room and bedroom are both fully carpeted and have halogen lighting with the bedroom also having an above grade window. There is a four piece bathroom with a ceramic floor, ceramic tub and shower enclosure, medicine cabinet, vanity and an above grade window.
As an added feature this property comes complete with a modern one-car garage which also offers a good amount of storage space. There is a clean and secure east facing back yard which is perfect for a BBQ and a little alfresco dining. It adds real value to the main floor unit.
Interior:
New kitchen – upper floor (2005)
New kitchen including flooring – lower unit (2005)
Waterproofing – lower unit (2005)
Up grade water pipes – lower unit (2005)
Upgraded water intake (2005)
New plumbing – upper unit (2005)
Soundproofing added between floors (2007)
All ductwork replaced or repaired (2007)
Joists re-enforced as needed (2007)
Basement and main floor painted (2007)
Upgraded lighting and electricals in basement (2007)
Exterior:
Repaired chimney and added new chimney liner (2005)
New second floor deck (2007)
Comfort Systems:
Gas forced air furnace
Central air conditioning
Lot Size:
12.5ft x 127.54 ft
Income Data>
Main Floor - $1,250 per month…lease expires May 1 ‘08
Lower Level - $850 per month… month to month basis
Garage - $125 per month…month to month basis
Inclusions:
3 Fridges, 3 Stoves, 1 Dishwasher, 2 Washers, 2 Dryers, furniture and torches on upper deck, all lighting on second floor
Exclusions:
Coat hooks on second floor, living room shelving in second floor unit, all
items belonging to tenants
