$685,000

Investment For Sale In Kapuskasing, Ontario

$685,000

Property Information:

Introducing the ultimate multi-unit property, featuring 4 distinct units with the main back unit ready for the next buyer to move in and make it their home. This expansive estate includes a large, insulated, heated garage measuring 26'x32', attached to a 24'x30' insulated lounge room complete with its own kitchen. The massive property, covering 0.85 acres, offers abundant parking and ample space for future expansions. The main unit boasts three levels of top-quality living. The top-level features 3 spacious bedrooms, a landing area, and a 4-piece bathroom with laundry hook-up. You'll love the master bedroom's generous space and its walkout balcony. The main level is elegantly designed with a private dining room, a cozy living room, a modern kitchen with an island, and a 2-piece bathroom. The basement adds even more versatility with a 4th bedroom, extra rooms for storage, and a utility room. This home is ideal for those seeking comfort with the added benefit of rental income, as all three additional units are occupied by long-term tenants. Each unit is a well-maintained 2-bedroom apartment. Major renovations were completed in 2002, including updates to the building's exterior, windows, and storm doors, along with extensive interior work on the first and second levels of the main back unit. The building's roof shingles were replaced in 2011, and three sheds were added in 2014. Garage was built and added on to the existing lounge room in 2017/2018 with finishing the lounge room and replacing roof shingles. This property is a rare find, combining luxurious living with excellent investment potential. Don’t miss this opportunity. Time to reel in the big fish. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Foundation Type: Unknown
  • Heating Type: Other
  • Appliances: Dryer, Refrigerator, Stove, Washer

Property Features:

  • Property Type: Multi-family
  • Irregular: Yes
  • Lot Frontage: 167.9 Feet
  • Lot Size: 167.94 FT
  • Zoning: R3
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 10

Courtesy of: RE/MAX CROWN REALTY (1989) INC

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.