REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 424,900
Est. payment | /mo
5 Beds
4 Baths
1,500 SqFt
$ 424,900
Est. payment | /mo
5 Beds
4 Baths
1,500 SqFt
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500 - 2000
Square Footage 1,500 sqft
Price per Sqft $283
Subdivision 609 - Alfred
MLS® Listing ID X13472820
Bedrooms 5
Property Sub-Type Freehold
Property Description
Fantastic investment opportunity or house-hacking gem in the expanding suburb of Alfred! This triplex generates a powerful $55,116 in annual gross rent ($4,593/month) with a Net Operating Income (NOI) of $40,394, delivering an exceptional cap rate. The property features 5 total bedrooms across three distinct levels, All units have separate heating controls: Upper Unit: Bright living space with its own private outdoor patio. Main Unit: Highly unique split-layout featuring an independent, sublet-ready suite with its own private entrance, kitchen, and bathroom. Shares a common laundry area. Basement Unit: Separate lower-level apartment boasting a private walk-out patio. The massive backyard easily accommodates parking for 4 vehicles. Perfectly situated approximately one hour from both Ottawa and Montreal, this versatile property is ideal for savvy investors or buyers looking to live in one unit while offsetting their mortgage. Schedule your viewing today! Updates: All 4 bathrooms have been updated in last 3 years, Shingles 2 years, Boiler Combi 3 Years. All units rented to adults only no children. 24hrs irrevocable on all offers. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters,
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 4
Garage No
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
Ownership Freehold
Listed by RE/MAX HALLMARK REALTY GROUP
GET MORE INFORMATION
Franco Maione
Real Broker