5
$690,000 Sale
Listed 11 days ago
37-43 LEONARD AVENUE
· 6+6
· 4.0
· 12
· 1500 - 2000
Key Facts
Key facts for 37-43 LEONARD AVENUE
Property Type
Apartment
Parking
Garage: No, 12 parking
MLS #
X13851086
Size
1500 - 2000 sqft
Basement
N/A, N/A
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
Excellent investment opportunity! Rarely offered purpose-built four-plex, each unit offering 3 bedrooms, 1 bath, in-suite laundry hookups, and its own dedicated outdoor storage shed. Situated on a large corner lot, the building is designed for low-maintenance ownership with no interior common areas ...to maintain. Each unit also features its own paved driveway with parking for up to 3 vehicles. Current gross annual rents are $58,860, and the property is already cash-flow positive, with substantial upside as units turn over. Tenants pay all utilities, except one unit where water is included. Unit 39 has been renovated and is leased for $2,000/month plus utilities, demonstrating the true rental potential available for the building. With minimal upgrades to the remaining units as they turn over, the property's total rent potential could reach approximately $96,000 annually. An especially rare offering- this property delivers substantial cash flow. Ideal for investors or owner-occupiers alike, where income from the three rented units can significantly offset housing costs, creating the possibility of living here with minimal to no monthly out-of-pocket expenses. A truly exceptional chance to secure a stable, cash-flowing multi-family asset with long-term growth potential. (id:10452)
Room Types
Bathroom
-
Dimensions 2.08 m x 1.47 m
32.91 sqft
Bedroom 2
-
Dimensions 3.27 m x 2.44 m
85.88 sqft
Bedroom 3
-
Dimensions 3.15 m x 2.36 m
80.02 sqft
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Listing courtesy of: RE/MAX Jazz INC.
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