Listed by Royal Lepage Northern Life Realty, Brokerage.

538 Fraser Street is a Triplex, 2-Storey and is currently for Sale @ $499,900. Taxes in 2024 were $3,940.00.

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This well-maintained triplex offers a fantastic investment opportunity or a chance to live in one unit while generating income from the others. The 2-Storey on 538 Fraser Street has 5 bedrooms, 4 bathrooms, and is located on a 91.53 x 42.00 ft lot in the community of Central . Centrally located with easy access to shopping, bus routes, and other amenities, this property is a must-see! Apt. 1 is a 2 bedroom, 2 bath is vacant. Unit is ideal for new tenants or as a personal residence. Apt. 2 is a 1 bedroom plus den renting at 1429 per month and Apt. 3 is a 1 bedroom renting at 922 per month. All rents are inclusive. The tenants are amazing and the remaining tenants want to stay. The building has been well cared for and all units are spacious and updated. There is also tenant parking and laundry in each unit. CCTV cameras are in operation to help ensure the safety and security of all individuals and the premises. Gross income is $50,280 annually with expenses for previous year at $17,837.00. These numbers on based on unit 1's previous tenants that left at the end of January and rented for 1839.00 inclusive. Please note that this property is zoned C2, allowing for the potential to incorporate a commercial aspect into the building. This zoning provides flexibility for various business or commercial uses, in addition to its residential capabilities. Whether you're a seasoned investor or a first-time buyer, this triplex offers an excellent chance to secure steady rental income in a prime location.

The address 538 Fraser Street was listed for sale (MLS# X11982122) on Friday, February 21, 2025.