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7
BEDROOMS 4
BATHROOMS 3
KITCHENS 10
ROOMS X13530082
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Property Description
This Triplex Income Property is located close to shopping, the library, downtown, public transportation and the waterfront. Two units face Ferguson, a one bedroom rented for $966+hydro and a vacant two bedroom unit to pick your own tenant can be rented for $1300+hydro & gas. Facing Fourth Avenue is the 4 Bedroom unit rented for $1592. This is a fantastic investment property for the savvy investor with a net income of $46,300. It is also a perfect home for someone looking to live in the 2 Bedroom unit and renting the other 2 units as mortgage helpers.
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Property Features
Library, Public Transit, Separate Heating Controls, Separate Hydro Meter, Available, Private
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Property Details
Address
106 Fourth Avenue
Community
City
Postal Code
P1B 3M8
Property Type
Triplex, Triplex
Zoning
R3
Lot Size
41' x 123'
Taxes
$3,729 (2026
Basement
Unfinished
Heat Type
Baseboard
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Realty Executives Plus Ltd
1497 Ferguson Street offers a three-unit investment property on a corner lot with ample parking and three separate hydro meters. The property consists of two 2-bedroom units and one 1-bedroom unit. One of the 2-bedroom units features a large living room currently being used as a third bedroom. Unit 1 is currently vacant and is estimated to rent for approximately $1,400 per month, Unit 2 is rented for $1,465 per month, and Unit 3 is rented for $1,077 per month. The property requires updating and offers an opportunity for a buyer to complete improvements and increase the overall rental potential. With a vacant unit, separate hydro meters and existing rental income, this property is a solid option for an investor looking to add value to a multi-unit property.
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