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8
BEDROOMS 4
BATHROOMS 4
KITCHENS 20
ROOMS X14103222
MLSID Contact Us
Property Description
Strong Cash Flow & Excellent Investment Potential! This solid fourplex is an outstanding opportunity for investors seeking attractive returns and value-add potential. Featuring four spacious, bright 2-bedroom units with efficient radiant in-floor heating on the main floor, gas forced air on the second floor, and in-suite laundry hookups, this property generates over $90,000 in gross annual income. Three units currently rent for $1,950/month, with tenants paying their own utilities(separate gas and hydro meters), keeping operating expenses to a minimum. The fourth unit is currently vacant and freshly updated, offering an excellent opportunity to set market rent and maximize income. With a compelling 7.71% cap rate, low operating costs, and additional rental income potential, this property is well suited for both seasoned investors and those looking to expand their portfolio. Cash flow statement available upon request.
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Property Features
Air Exchanger
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Property Details
Address
860 Worthington Street
Community
City
Postal Code
P1B 1J4
Property Type
Fourplex, Fourplex
Lot Size
60' x 132'
Taxes
$9,378 (2026
Basement
None
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
8
Garage Type
None
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Listing contracted with Realty Executives Local Group Inc. Brokerage
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