912 Sixth ST

Kenora, Ontario, P9N2R2, Canada

$399,900

Unique Investment Opportunity! This is an exceptional chance to own a multi-unit property in a prime location. Situated conveniently close to schools, downtown, and all essential amenities, this property is perfect for both seasoned investors and those looking to start their real estate journey. Property Details: This property is presently a legal duplex featuring three spacious suites each with in-suite amenities including laundry and all appliances. Upper Level: Two 2-bedroom suites, each offering generous living space. Lower Level: One 2-bedroom suite with its own private back entrance. The current owner has already started the process and development of legally converting the duplex into a fourplex which will include an additional spacious lower 1-bedroom unit with private access. Building permits, engineering plans, and ESA certification are all in processed and in place, streamlining the conversion process. Rental Income: The existing three units are currently rented on a month-to-month basis, providing immediate income. Flexibility: Complete the conversion to a fourplex for increased rental income or maintain the current duplex configuration with spacious units. Prime Location: Central to schools, downtown, and amenities, ensuring high demand for rental units. Income Potential: Live in one unit and let the rental income from the others cover your mortgage, or maximize your investment by renting all units. Growth Opportunity: With all permits and approvals in place, the path to expanding the property’s potential is clear and ready for your vision. Don't miss out on this rare investment opportunity to own a versatile and income-generating property. Suite #1: $1339.55/mo - 2 bedroom + hydro Suite #2: $1600.00/mo - 2 bedroom + hydro Suite #3: $1600.00/mo - 2 bedroom + hydro Suite #4 in development - 1 bedroom + hydro *Landlord pays heat, water & sewer Sewer and water $2,594.84 total 2023 Heat - natural gas: $5,621.31 total 2023 - incl 2 gas dryers

EXTRAS: Interlocking Driveway

Last updated on : Wednesday 18th of September 2024 03:55:33 PM

ADDRESS

Street : 912 Sixth ST

City : Kenora

Province : Ontario

Country : Canada

Postal Code : P9N2R2

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PROPERTY SUMMARY

Property ID : TB242953

Building Type : Multi-Family

Property Type : Multi-family

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