Description

Price : $699,000.00 MLS^® : X12314287 / 250 Hannah Street, Vanier and Kingsview Park, ON K1L 7N2

Fantastic Investment opportunity with 5.5% CAP RATE! Legal triplex on a large 50x100 ft lot with R4UA-c zoning. Strong rental income with Gross Operating Income of $53,880/year. Unit 1: 1 bed/1 bath rented at $1,300/month (all inclusive). Unit 2: 2 bed/1 bath rented at $1,795/month (all inclusive). Unit 3: 1 bed/1bath rented at $1395/month (all inclusive). Endless flexibility to rent, renovate, or redevelop. Rare land assembly potential with neighbouring 244, 256, and 258 Hannah also available, combine for total lot size of 180x100 ft -- (18000 Sq.Ft. ). Great upside in an evolving neighbourhood.

Location Description

Montreal Road & Hannah Street

Property Details

• Community: 3402 - Vanier
• Property Type: Tenant/Residential Freehold
• Bedrooms: 4
• Bath: 3
• Garages: None
• Annual Property Taxes : $ 4547

Building Features

• Foundation Type: Concrete
• Counstruction Material : Stucco (Plaster)
• Total Parking Space : 8
• Parking Type : None

Features

• Heating : BaseboardElectric
• Sewer : Sewer ,

Land (Lot Features)

• Frontage: 50 sq.ft
• Land Depth: 100sq.ft

Listing Contracted With: ROYAL LEPAGE TEAM REALTY