118 Lilacside Dr

Calling all investors & house-hackers! Nestled in the tranquil and welcoming Rosedale neighbourhood is this fully renovated LEGAL Duplex offering 2 bedrooms, 1 bath in the main level, and a 1 bed, 1 bath lower unit. Upgrades: lower unit with new kitchen, windows, and appliances (2022), AC (2015), furnace(2012), both units have in-suite laundry, and a double wide driveway (2022) that can fit up to 3 vehicles. Other features include: garden shed in the back, an enclosed sunroom in the upper unit & an electrical fireplace in both units. A notable benefit is the expansive lot, offering the potential for an Additional Dwelling Unit (ADU) to enhance density - ideal for accommodating multi-generational living, house hacking, or generating extra income down the line. The fantastic location makes it just steps from the Kenilworth stairs, the Escarpment trail, Rosedale Park, Kings Forest Golf Club, easy access to the RedHill, groceries, and just a short drive to the GO. Opportunity awaits right here!

Legal duplex opportunity! Ideal for first-time homebuyers looking to minimize their monthly payments or investors focused on long-term ROI potential. Located in the highly sought-after Blakely neighborhood, this property is a valuable find. Currently fully leased, it generates approximately $41,000 in annual revenue with a net operating income (NOI) of $31,700, reflecting a cap rate of about 4.5%. Featuring a vast double lot and a third separate entrance, there's substantial scope for further development and additional income for a savvy investor. First-time buyers can significantly reduce their living expenses by occupying one unit and renting out the other, potentially saving between $1,500 to $2,000 monthly. Even the garage contributes to the revenue, being rented out separately. This property is not only a lucrative investment but also a smart way to reduce housing costs. Prospective buyers should verify all financials and conduct their due diligence, as the figures presented are based on the listing date and may have changed. All tenants are willing to stay.

Looking for a Turn Key Investment Opportunity? ThisLegal Duplex with a Large Lot and full of potential are Currently Tenanted and generate Good Income - Main Floor: First Unit - 2 Bedrooms,Full 4 piece Bath Ensuite , Living Room Combined with Open Concept Kitchen. Second Floor: Second Unit -1 Bedroom, Room that can be Living/Family plus Kitchen, and 4 piece bath; 2 1/2 Storey: +2 Rooms/Dens good size having their own 3 Piece Bath Ensuite, shared entrance with second unit. This property features: Nice upgraded kitchens and baths, a functional layout,plenty of parking spaces, Good Tenants, And Much More!