6 Parkdale Avenue

Set on a quiet street in a sought-after subdivision, this turnkey 3-unit property offers the feel of a private home with the added benefit of serious income potential. Close to everything you need, yet tucked away enough to feel like a true retreat, this is the kind of location tenants don't want to leave and the kind of setup that lets tenants cover a significant portion of your mortgage and expenses, whether you invest or move in. Two of the three units have been completely renovated top to bottom, including new appliances and updated electrical panels meaning minimal capital investment needed for years to come. The third unit has also undergone significant renovations, rounding out a property that's largely turnkey. The top-floor 3-bedroom unit is the heart of the property bright, spacious, and finished with its own private deck and fenced side yard, perfect for morning coffee or evening unwinding. Whether you occupy this unit yourself or rent it out, it offers outdoor living space that's hard to come by in a multi-unit setting. The two 1-bedroom units are equally polished, easy to lease, and appeal to tenants who tend to stay long-term in this neighbourhood. Fixed one-year leases keep things simple, tenants cover their own heat and hydro, and a large storage barn plus ample parking round out the practical perks. Live in it, rent it out, or do a bit of both this property, and this location, work as hard as you want them to. (id:66612)

The details

Property type

Single Family

Bedrooms

5

Bathrooms

3

Living area

2,408 square feet

Lot size

1,394 square meters

Heating

Baseboard heaters, Electric

Flooring

Laminate, Ceramic

MLS® number

NB147764

Roughly $2,559/month principal and interest, assuming 20% down at 5% over 25 years — an illustration, not a quote. Run your own numbers.

Where it sits