Property

Ownership: For Sale
Type: Duplex
Bedrooms: 5 BR
Bathrooms: 4
Pets: Pets No

Financials

Price:C999,900
($724,297.56)
(€638,637.16)
Annual Taxes:C6,224.98
505 Park Ave, New York, NY 10022

Description

Just steps from the picturesque shores of Lake Simcoe, this legal duplex presents an outstanding opportunity for investors or portfolio builders. With two well-maintained units already occupied by exceptional tenants, this property offers immediate cash flow and the potential to add even more value. Situated in a highly desirable and well-connected neighborhood, this duplex is close to schools, parks, shopping, and all the amenities tenants crave. But the true potential lies in the property's unique layout and expansive irregular lot. The fully powered detached building is a blank canvas ideal for potentially converting into a third rental unit, a private workspace, or even a short-term rental to maximize returns. Add in the spacious patio, fire pit, and backyard retreat, and you've got a property that tenants (or future buyers) will love. Key features include forced air/gas heating, municipal water and sewers, and a fully permitted apartment above the garage. Whether you're looking to hold and collect rental income or expand to add more doors, this property is a rare find in a sought-after location. Don't miss this chance to own a versatile, income-generating property in one of Lake Simcoes most appealing neighborhoods.

Just steps from the picturesque shores of Lake Simcoe, this legal duplex presents an outstanding opportunity for investors or portfolio builders.


    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.