We’re excited to present this off-market opportunity to our valued clients before it becomes publicly available on the MLS.  This fully tenanted 6-bed, 2-bath semi-detached bungalow offers immediate cash flow and long-term potential. With six individual leases in place since April 2023, this property is ideally situated near Algonquin College and College Square, an area known for strong rental demand. Current tenants are reliable and punctual with rent payments, generating a steady month-to-month income of $3,177.50. A low-maintenance, income-producing asset perfect for any investor’s portfolio.

Closing Date is Flexible
*Buyer will assume tenants*

• Semi-detached bungalow
• Tenant occupied
  • 6 tenants are on the lease 
  • They are up to date and pay on time 
  • $3177.50/month 
• 6 bedrooms 
  • 3 bedrooms located on the main floor
  • 3 bedrooms located in the basement
• 2 full bathrooms
  • 1 bathroom located on the main floor
  • 1 bathroom located in the basement
• Built in 1963 (as per MPAC)
• Above grade: 1133 sq ft (as per MPAC)
• Finished basement: 1133 sq ft (as per MPAC)
  • 8ft ceiling
• Separate entrances:
  • Front door leads into the living room
  • Side door leads into the basement
• Appliances are included
• Flooring: hardwood, tile, carpet and laminate
• 100 AMP breaker panel 
• Wood burning fireplace in living room
• Furnace is approximately 18-years-old (Buyer to verify)
• AC is approximately 10-years-old (Buyer to verify)
• Vinyl windows
• Shingle roof
• Foundation: poured concrete
• Large fenced yard
• Interlocking patio
• Plastic shed located in the backyard
• On municipal services
• Driveway provides parking for up to 4 cars
• Annual property tax is $3666.62
• Lot size: 33.82ft x 93.86ft (as per MPAC)
• Multiple investment strategies available:
  • Buy & hold with the strong existing rental income already in place
  • Convert to a legal duplex
  • Add a small coach house in the backyard to maximize cash flow
  • Move in while continuing to rent the basement by the room