101-103 SARAH Street

Property Description

Rare investment opportunity! Welcome to this side-by-side bungalow triplex offering exceptional versatility and an impressive approximate 7.5% cap rate. The property features two original 2-bedroom, 1-bath units, each with a crawl space, plus a newly constructed (2022) 4-bedroom, 2-bath unit complete with a full basement. All three units are currently tenanted on month-to-month leases, providing immediate income with future flexibility. Each unit has been tastefully updated with modern finishes, is completely carpet free, and offers a functional layout that appeals to today's tenants and homeowners alike. Whether you're a savvy investor looking to expand your portfolio or a first-time buyer or downsizer hoping to offset your mortgage by living in one unit while collecting rental income from the others, this property offers outstanding potential. Ideally situated close to shopping, schools, parks, transit, and all everyday amenities, with convenient access to Highway 403 for commuters. Opportunities to own a property like this are few and far between. (id:61819)