499 East 16th St

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!

LEGAL DUPLEX! Spectacular investment or first time homebuyer property! Each unit has separate entrance with fire doors, 2 bedrooms with closets, 1 full bathroom, kitchen, separate laundry, and spacious living room. Both units also have sunrooms perfect for absorbing the sunlight. Bone dry partial unfinished basement with cellar door access for added storage space. Shared driveway leads to at least two car parking in the rear yard. Detached garage primarily used for storage or workshop. No yard maintenance to worry about. Separate electric meter with shared water meter. Both units are vacant and move in ready! You can move into one and rent the other to house hack or rent both units!

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