Listed by Realty Executives Local Group Inc. Brokerage.

147 Second Avenue E is a Triplex, 2 1/2 Storey and is currently for Sale @ $329,000. Taxes in 2024 were $4,243.00.

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If you've been searching for the perfect opportunity to enter the investment market, this property could be your ideal match. The 2 1/2 Storey on 147 Second Avenue E has 5 bedrooms, 3 bathrooms, and is located on a 132.00 x 33.00 ft lot in the community of Central . Priced competitively, this legal, non-conforming all-brick triplex offers a gross income of $41,086 and an impressive 8% cap rate. The property is centrally located offering easy access to shopping, schools, and a full range of amenities. Its prime location along a public transit route makes it an excellent choice for tenants without vehicles. The main floor features a recently renovated, vacant 3-bedroom unit, ready for new tenants or an owner looking to live on-site while benefiting from rental income. The second-floor 2-bedroom unit and third-floor bachelor unit are both occupied by reliable long-term tenants. For added peace of mind, each unit is separately metered and includes a garage 2 parking spaces. The partially finished basement offers added storage for tenants, or the owners belongings. Overall this property offers everything you need to start your rental property portfolio. Coin Operated Laundry generates approx. $1000. Rents are: Bachelor:$717(inclusive of Hydro), 2 Bed: $841+Hydro, 3 Bed: $1,850+Hydro.

The address 147 Second Avenue E was listed for sale (MLS# X11977040) on Tuesday, February 18, 2025.