26 Spring Street

Well-Maintained Legal 4-Plex with nice updates! This property features four spacious 2-bedroom units, each separately metered for hydro. Every unit offers the convenience of in-suite laundry and comes with dedicated parking spaces. With reliable tenants in place and low-maintenance utilities, this is an excellent opportunity to expand your investment portfolio with a solid, income-generating property. Gross income $78,623, Net Income before mortgage ( expenses: tax, gas, hydro, vacancy, maintenance, management, water, insurance) is $54,708 leaving a solid 8.05% Cap rate. Unit 1 is currently vacant and on the market to rent.

type

House, Multi-family

bedrooms

8

bathrooms

4

parking

8

property tax

$3,440 / yr

days on market

9

MLS®

X14081352

• School Bus
• Community Centre
• Washer
• Refrigerator
• Stove
• Dryer