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$699,900
Est. payment /mo
6 Beds
2 Baths
2,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000 - 2500
Square Footage 2,000 sqft
Price per Sqft $349
Subdivision Elmvale
MLS® Listing ID S12978816
Bedrooms 6
Property Description
Rare opportunity to own a legal duplex - two fully above-ground units - in the heart of downtown Elmvale. Ideal for investors, multigenerational families, and buyers looking to offset their mortgage with rental income. One owner for 27+ years. Property shows pride of ownership: updated and well-maintained inside and out. Each large, bright unit features a spacious kitchen and living/dining area complete with a cozy gas fireplace. Both units have three bedrooms and one full bathroom with washer/dryer. Primary bedrooms feature a walkout to a private balcony, adding valuable outdoor space.The first-floor unit is wheelchair accessible - including a ramp and wider doorways - making it perfect for retirees, multigenerational living, or anyone with accessibility needs. At $4,400/month, potential market rents show strong cash flow potential. Because each unit is separately metred, tenants pay their own utilities, further increasing the efficiency of this investment. This property has parking for three vehicles (with space for up to five), an outdoor shed, lovingly tended perennial gardens, mature trees, and is next door to a parkette. It is move-in ready. Located in highly walkable and charming downtown Elmvale, this property is close to shops, schools, churches, and other essential amenities.This is a rare and versatile opportunity: whether you're a first-time buyer looking for income support, a retiree wanting one-level living with additional income, or an investor seeking a desirable duplex with two three-bedroom units. Legal duplexes with two above-grade units, separately metred, strong rental income, plus accessibility features and outdoor space are hard to find. Don't miss this one. (id:24570)
Location
Province ON
Rooms
Kitchen 2.0
Extra Room 1 Second level 2.64 m X 3.39 m Bedroom
Extra Room 2 Second level 3.03 m X 3.39 m Bedroom
Extra Room 3 Second level 3.06 m X 4.35 m Kitchen
Extra Room 4 Second level 3.67 m X 5.08 m Living room
Extra Room 5 Second level 3.69 m X 3.89 m Dining room
Extra Room 6 Second level 3.28 m X 4.39 m Primary Bedroom
Interior
Heating Baseboard heaters, Not known, Not known
Fireplaces Number 2
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 3
Garage No
Private Pool No
Building
Story 2
Sewer Sanitary sewer
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Listed by Royal LePage Locations North
NEARBY SCHOOL & BUSINESS
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