➧
➧
Registration Required
Register for Sold Data Access
8 + 4
BEDROOMS7
BATHROOMS4
KITCHENS27 + 2
ROOMSX7374430
MLSIDContact Us
Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-01-03 | 2024-07-31 | 210 | $999,900 | - | Expired |
| 2023-06-08 | 2023-12-31 | 206 | $999,990 | - | Expired |
| 2023-03-14 | 2023-05-19 | 66 | $949,000 | - | Terminated |
| 2022-05-25 | 2022-08-19 | 86 | $1,289,000 | - | Terminated |
| 2022-02-20 | 2022-03-14 | 21 | $1,399,990 | - | Suspended |
| 2019-02-01 | 2019-03-26 | 53 | $699,900 | - | Terminated |
Call
Property Description
Massive opportunity to sever this double lot legal fourplex into 2 duplexes. Or live in one unit and let the other 3 pay your mortgage. Or keep all 4 units rented out for one of the highest cashflowing properties you will find in this price range. Current rents: Unit 1: $1500 + Hydro, Unit 2: $1750 + Hydro, Unit 3: $1850 + Hydro, Unit 4: $2200 + hydro. All units are above ground, 4,935 sq ft + unfinished basement. 2 Brand new High efficiency furnaces. Sandwiched between 2 highrise buildings makes for incredible land value alone. Detached garage in the back could mean extra storage income or convert it into another accessory unit. High cashflow even with current mortgage rates. Main floor has two 2 bedroom apartments, upper levels have two 4 bedroom apartments. Each apartment comes with 2 living rooms. VTB available.
Extras
2 Brand new furnaces, 4 fridges, 4 stoves, washer, dryer, 2 hot water tanks
Call
Property Details
Street
Community
City
Property Type
Fourplex, 2 1/2 Storey
Approximate Sq.Ft.
3500-5000
Lot Size
42' x 124'
Acreage
< .50
Fronting
West
Taxes
$4,446 (2023)
Basement
Unfinished
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Detached
Call
Similar Listings
Both 378 and 382 Cannon are being sold together, offering the unique advantage of acquiring two properties for the price of one, as they are currently merged and operating as two duplexes. This investment opportunity provides robust cash flow and has the potential for significant profit. Currently generating a net income of $73,862.91 after expenses, the properties cash flow almost $20,000 a year at a 5.5% interest rate. 378 Cannon features a 3-bedroom unit renting for $1,942/month (inclusive of heat & hydro) and a bachelor unit for $948/month (also inclusive). Meanwhile, 382 Cannon includes a 3-bedroom unit at $2,250/month (plus heat & hydro) and a 2-bedroom unit for $2,000/month (plus heat & hydro). Renovated in 2019, these properties minimize immediate maintenance costs. If severed and sold as two individual properties, there is significant potential to increase their value, making this a compelling investment opportunity. Buyers to verify all expenses, incomes, and zoning verifications.
Call
Call