Exceptional investment opportunity featuring nine detached residential rental units on one 2.74-acre parcel, conveniently located on Black Diamond Road just minutes from Highway 401. Fully rented and family owned since 1978, this established income-producing property is serviced by municipal water, municipal sewer and natural gas. The unit mix includes six 2-bedroom homes, two 3-bedroom homes and one 1-bedroom home, with many of the units having received updates over the years. Capital improvements include five newer furnaces and nine separate 100-amp electrical panels. The property also includes a detached 2.5-car garage and a detached single-car garage, providing additional storage and functionality. Frontage on two separate roads offers convenient access and added flexibility. One tenant currently manages snow removal and lawn maintenance, helping to reduce operating expenses. Ideally suited to investors seeking to expand their portfolio or multi-generational families looking for separate residences on one property, this unique offering provides established rental income, long-term potential and convenient access to major routes, amenities and services. Properties of this size and configuration are rarely available. (id:15069)
| MLS® Number | X13659154 |
| Property Type | Multi-family |
| Community Name | Thurlow Ward |
| Equipment Type | Water Heater |
| Features | Irregular Lot Size |
| Parking Space Total | 21 |
| Rental Equipment Type | Water Heater |
| Bathroom Total | 9 |
| Architectural Style | Bungalow |
| Basement Type | Crawl Space |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Unknown |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 700 - 1,100 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
| Detached Garage | |
| Garage |
| Acreage | Yes |
| Sewer | Sanitary Sewer |
| Size Depth | 480 Ft ,4 In |
| Size Frontage | 608 Ft ,8 In |
| Size Irregular | 608.7 X 480.4 Ft |
| Size Total Text | 608.7 X 480.4 Ft|2 - 4.99 Acres |
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
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