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
| Room | Level | Size |
|---|---|---|
| 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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The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.