162 Prospect St S

*LEGAL DUPLEX Grossing $4450 monthly (Main - $2500 and Lower - $1950) Separate panels and electrical meters. This extensively renovated bungalow-duplex is the ideal investment. Each unit has a modern kitchen with quartz counters, a deep trough sink, contemporary backsplash tile, and new appliances (including washers/dryers). Both bathrooms have been fully renovated with deep soaker tubs, new cabinets and fixtures. Stylish plank flooring over new subfloor flows throughout main and basement.

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!

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!

Duplex - great opportunity to offset mortgage with multi family/generational. Separate entrances and hydro meters. Over 1,800sf + LL. Total 4 Beds, 2.5 Baths with garage and double driveway. Spacious main level boasts mud room & den/office with pot lights, large living room with bay window and original hardwood beneath updated flooring. Kitchen with gas stove, pantry and separate dining room. Generous Bedrooms & closets. Many updated windows. Most wood floors. Substantial LL Bedroom features walk in closet & gas fireplace - could be a great rec room. Workshop/Utility, 2-pc bath & Laundry. Side entrance. Upper level apartment features most original hardwood floors, Murphy Bed in Bedroom, Newer appliances in Kitchen, 4pc Bath. Front porch and rear deck. Fully fenced pool sized yard. HVAC & reverse osmosis 2020. Roof 2020. Excellent family oriented neighbourhood nearby schools, parks and public transit, shopping. Minutes to Redhill & QEW. RSA