This well-maintained home is perfect for investors. Located just 10 minutes from downtown, 5 minutes from Marlborough Mall and 3 minutes from the TransCanada Centre, it's also close to schools, shopping centers, and transit.
The home features 5 bedrooms and 2 bathrooms, with a common area laundry. There’s an illegal basement suite, perfect for rental income, and a double detached garage for extra parking. The stucco exterior adds durability, while the great patio offers an ideal outdoor space.
The property is situated on a generous 5,984 sq. ft. lot, and the city recently changed the zoning to R-CG, opening up even more possibilities. R-CG (Residential - Grade-Oriented Infill) is a residential designation primarily for rowhouses, but it also allows for single detached, side-by-side, and duplex homes that may include a secondary suite. This zoning makes the property an even greater investment opportunity with potential for future development!
Whether you're a local investor or from Toronto-Ontario, or Vancouver-BC, this deal is perfect for you! Located in the highly sought-after Marlborough community, you’ll never run out of tenants thanks to its strong rental demand and proximity to key amenities.
Bonus: The current seller is willing to stay as a tenant for a year! Don’t miss out on this incredible investment opportunity!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
Suite - Illegal
Home Style:
Bungalow
Total Living Area:
1,055 sq. ft.98.01 m2
Main Level Finished Area:
1,055 sq. ft.98.01 m2
Below Grade Finished Area:
969 sq. ft.90.02 m2
Lot Area:
5,984 sq. ft.555.93 m2
Lot Frontage:
60'⅛"18.291 m
Front Exposure:
North
Floor Location:
Below Grade
Levels:
One
Total Rooms Above Grade:
6
Year built:
1969
(Age: 55)
Bedrooms:
5
(Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
2.0
(Full:2, Half:0)
Plan:
5897JK
Heating:
Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood, Laminate, Tile
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 /
-
Laundry Features:
Common Area, In Basement
Marlborough
Dishwasher, Electric Stove, Garage Control(s), Range Hood, Refrigerator, Washer/Dryer
Data was last updated October 30, 2024 at 02:05 AM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$587,450
Min list price:
$359,000
Max list price:
$679,000
Avg days on market:
43
Min days on market:
1
Max days on market:
81
Avg price per sq.ft.:
$560.61
These statistics are generated based on the current listing's property type
and located in
Marlborough. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.