RARE MULTI-UNIT INCOME OPPORTUNITY FOR BOTH INVESTORS & END-USER GEM IN PRIME CROSBY, RICHMOND HIL. EXCEPTIONAL OPPORTUNITY TO COMBINE DEATCHED HOME OWNERSHIP, FLEXIBLE LIVING AND INVESTMENT POTENTIAL IN ONE PROPERTY WITH 4 UNITS. 2 REGISTERED LEGAL SUITES in Basement! The owner has spent over $100,000 on legalization of 2 basement units. Property has 4 units with potential rental income of $7700/monthly, $92,400/yearly. Investors & Multi-Gen Families! A turn-key cash cow in Richmond Hill's elite Crosby neighborhood. Features a wide driveway with parking spaces! THE LAYOUT: 3-bed main floor unit PLUS a self-contained small bachelor in main floor with its own private entrance, private bathroom & independent heat pump climate control, plus 2 self-contained unis in the basement.2 lower suites are COMPLETELY VACANT, brand-new, and legalized & registered with the total peace of mind! Upgraded 200-Amp electrical panel, completely brand-new basement wiring & plumbing, and a fully centralized, interconnected Smoke & CO alarm system spanning all 4 units. Enjoy complete freedom to set your own market-rate tenants from Day 1 with a projected gross income potential of $7,700/month ($92,400/year) or live in the main unit and let the 3 other units pay your mortgage. 2 basement units and a small bachelor in main floor are vacant now. Premium 51 x 100 ft lot, steps to Top-Ranked Schools, Highways, Go Train, Yonge St, Parks, Shopping, and Transit. Turn-key, fully legal, and risk-free for discerning investors or multi-generational families!
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.
Tour in person or virtually. Free, with no obligation.