Property

Ownership: For Sale
Type: Duplex
Bedrooms: 3 BR
Bathrooms: 2
Pets: Pets No

Financials

Price:C515,000
($375,800.65)
(€326,959.45)
Annual Taxes:C2,776.28
505 Park Ave, New York, NY 10022

Description

Endless potential in this RL2-zoned property - currently set up as an up/down duplex with the option to convert back to a single-family home. Situated on a massive 40 x 138 ft lot just steps from schools, parks, trails, the Welland Canal, shopping, transit, and more. The main floor features a bright living room, dining area, and spacious kitchen, plus a main-floor primary bedroom with direct access to the large backyard. The lower level includes a huge rec room or bedroom and plenty of unfinished space with potential to add more bedrooms. The upper-level unit offers a separate 1-bedroom, 1-bath layout with kitchen and living area - perfect for rental income, in-laws, or extended family. Projected market rents: upper $1,000$1,100, lower $1,500$1,650. Outside, enjoy a long private driveway with parking for 5 vehicles, a detached garage, and a generous yard with endless possibilities. Notable updates include a new front porch (2018), new furnace and A/C (2022). Vacant possession gives you the freedom to set your own rents or redesign the layout to suit your lifestyle. A smart investment in a prime location!

Amenities

  • Accessory Apartment
  • In-Law Capability
  • In-Law Suite
  • Patio
  • Porch
  • Primary Bedroom - Main Floor
  • Privacy
  • Ramps
  • Shower Stall
  • Stair Lift
  • Water Heater
  • Wheelchair Access

Endless potential in this RL2 zoned property currently set up as an up down duplex with the option to convert back to a single family home.


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.