Description

Price : $699,000.00 MLS^® : X12314289 / 258 Hannah Street, Vanier and Kingsview Park, ON K1L 7N2

Fantastic Investment opportunity with 6% CAP RATE! Legal triplex on a 31x100 ft lot with R4UA-c zoning. Strong rental income with Gross Operating Income of $59,160/year. Unit 1: 2 bed/2 bath rented at $1,900/month (all inclusive). Unit 2: 2 bed/2 bath rented at $1,500/month. Unit 3: bachelor/2 bath rented at $1495/month. Endless flexibility to rent, renovate, or redevelop. Rare land assembly potential with neighbouring 244, 250, and 256 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: 6
• Garages: None
• Annual Property Taxes : $ 4830

Building Features

• Foundation Type: Concrete
• Counstruction Material : Stucco (Plaster)
• Total Parking Space : 6
• Parking Type : None

Features

• Heating : Forced AirGas
• Sewer : Sewer ,

Land (Lot Features)

• Frontage: 31 sq.ft
• Land Depth: 100sq.ft

Listing Contracted With: ROYAL LEPAGE TEAM REALTY