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Real estate on your terms®


Property Description

H-GO ZONING | 4 LEGAL SUITES ON 1 TITLE (2 UP, 2 DOWN) | 125 X 50 FT WEST BACKYARD LOT | APPROX. 5.30% CAP RATE | FULLY OCCUPIED AND PROFESSIONALLY MANAGED | Excellent revenue generating 4 plex in the highly sought after inner city community of Killarney. This property offers outstanding return on investment potential with an approximate 5.30% cap rate and is fully occupied with professional management already in place, making it a true turnkey investment opportunity. The lower suites have been fully renovated and were recently leased for $1,325 and $1,550 per month, while the upper suites are currently rented for $2,075 per month each. Each unit features its own updated electrical panel, separate laundry, and a fireplace (chimneys capped), along with numerous additional updates throughout. Outside you’ll find a double garage along with additional rear parking stalls on the large west facing 125 x 50 ft lot. Over the past few months the sellers have completed approximately $35,000 in roofing improvements with warranty (2-ply SBS torch-on), invested approximately $12,000 in new flooring throughout the property, trimmed all of the exterior vegetation to improve the landscaping, and repainted the fence, further enhancing the property’s curb appeal. An exceptional opportunity to add a strong cash flowing asset to your investment portfolio. Link to Investor Package and photos of the new roof in listing. (id:53430)

Building

Style:
Bungalow
Year Built:
1969
Stories:
1.0
Bedrooms:
6
Bathrooms (total):
4.0
Basement:
Finished, Full, Separate entrance, Suite

Finished Areas

Interior Size (Total):
1954 square feet
Above Grade:
1954 square feet

Interior

Flooring:
Laminate, Carpeted, Vinyl
Appliances:
Refrigerator, Dishwasher, Stove, Washer & Dryer

Parking

Spaces:
4
Features:
Detached Garage, Parking Pad

Lot / Land

Lot Size:
580.0 square meters
Frontage:
15.28 meters
Lot Features:
See remarks, Back lane

Exterior

Construction:
Wood frame
Foundation:
Poured Concrete
Fencing:
Fence

Utilities & Mechanical

Heating:
Forced air, Natural gas
Cooling:
None

Comfort & Security

Fireplace(s):
4

Fees & Dates

Property Taxes:
$6,616
Tax Year:
2026
Last Modified:
08/05/2026 06:20:05 PM
Status Change:
08/05/2026 06:12:46 PM

Association / Ownership

Common Interest:
Freehold

Room Dimensions

RoomLevelSize
Living room Main level 19.33 Ft x 13.50 Ft
Living room Main level 19.33 Ft x 13.50 Ft
Dining room Main level 9.58 Ft x 7.50 Ft
Dining room Main level 9.58 Ft x 7.50 Ft
Kitchen Main level 9.33 Ft x 11.17 Ft
Kitchen Main level 9.33 Ft x 11.17 Ft
4pc Bathroom Main level -
4pc Bathroom Main level -
Bedroom Main level 9.58 Ft x 11.83 Ft
Bedroom Main level 13.08 Ft x 11.83 Ft
Primary Bedroom Main level 9.42 Ft x 13.08 Ft
Primary Bedroom Main level 9.42 Ft x 13.08 Ft
Family room Unknown 10.08 Ft x 23.50 Ft
Family room Unknown 10.08 Ft x 23.50 Ft
Dining room Unknown 8.58 Ft x 13.83 Ft
Dining room Unknown 8.58 Ft x 13.83 Ft
Kitchen Unknown 8.58 Ft x 9.67 Ft
Kitchen Unknown 8.58 Ft x 9.67 Ft
Bedroom Unknown 9.92 Ft x 14.92 Ft
Bedroom Unknown 9.92 Ft x 14.92 Ft
3pc Bathroom Unknown -
3pc Bathroom Unknown -

Location

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Listing offered by: RE/MAX House of Real Estate

Data is supplied by Pillar 9 MLS® System. Pillar 9 is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9.

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