Property Information:
This standalone multipurpose investment property features a private daycare on two floors, with a basement 4.5 apartment. The basement has the potential to be split into two entrances (pending approval), offering versatility. The buyer may continue operating the licensed daycare or convert it for other commercial uses such as accouting or law offices or clinics. The backyard could be turned into *8* parking spaces. Recent upgrades include new paving, roofing, artificial turf, copper water pipes, and underground hydro wiring.
A Rare Investment Opportunity!
Introducing a standalone multipurpose investment property, currently hosting a well-regarded private daycare (2 floors + backyard) and a 4.5 apartment in the basement. This property offers significant rental income potential.
The buyer has the option to continue operating the daycare with licensed, or to repurpose the space for other commercial uses such as an accounting or law office, with potential to convert the original daycare's backyard into 8 parking spaces.
Additionally, the basement can be modified to include 2 separate entrance (subject to government approval), enhancing its versatility.
Located on a generous 4,456 sq. ft. lot, this well-maintained two-story building features a spacious backyard.
Recent improvements include new paving and roofing, the installation of artificial turf, and the addition of drinking water copper pipes and underground hydro wiring last year.
Furthermore, the building can be occupied as a personal residence or redeveloped into a multi-apartment complex. With many older homes in the area and new apartments averaging CAD 400,000, the redevelopment potential is significant.
This property is ideally situated, offering convenient access to transportation, a pleasant and safe neighborhood vibe, and a plethora of nearby amenities.
Contact us to book your viewing.
Building Features:
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Style:
Detached
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Water Supply:
Municipality
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Sewage System:
Municipality
