Listed by Exp Realty.

1467 Mclarenwood Terrace is a Triplex, 2-Storey and is currently for Sale @ $725,000. Taxes in 2024 were $4,405.00.

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Investors, take note! This turnkey triplex is a rare opportunity to own or live in one of the units while enjoying a well-maintained income property in a desirable family-friendly neighbourhood. The 2-Storey on 1467 Mclarenwood Terrace has 4 bedrooms, 3 bathrooms, and is located on a 107.12 x 45.16 ft loton < .50 acres in the community of East O . Fully licensed and fire inspected. Offering three spacious two-bedroom units, the property has been updated with modern kitchens, bathrooms and flooring, as well as updated heating, plumbing, and electrical systems. Roofing was updated in 2019. Projected to generate $40,630 in gross rental income for 2024, with operating expenses estimated at $11,826, the property is set to achieve a net income of approximately $28,804. With its fair market rental potential of $64,200 annually, this property offers both immediate returns and exciting long-term growth potential. Current rents for the middle and lower units are $1,225 per month, including utilities, with reliable, long-term tenants who wish to stay. The recently vacated upper unit provides an excellent option for owner-occupancy or securing a new tenant at market rent of $1,750 or more. On-site coin laundry is available. Additional highlights include ample parking and a private rear yard, all within close proximity to parks, schools, and public transit. Whether youre a seasoned investor or just starting your portfolio, this low-maintenance, high-performing property is an exceptional opportunity.

The address 1467 Mclarenwood Terrace was listed for sale (MLS# X10433561) on Thursday, November 21, 2024.