912 Sixth St Kenora, Ontario P9N 2R2
$399,900
Unique Investment Opportunity! This is an exceptional chance to own a multi-unit property in a prime location. Situated conveniently close to schools, downtown, and all essential amenities, this property is perfect for both seasoned investors and those looking to start their real estate journey. Property Details: This property is presently a legal duplex featuring three spacious suites each with in-suite amenities including laundry and all appliances. Upper Level: Two 2-bedroom suites, each offering generous living space. Lower Level: One 2-bedroom suite with its own private back entrance. The current owner has already started the process and development of legally converting the duplex into a fourplex which will include an additional spacious lower 1-bedroom unit with private access. Building permits, engineering plans, and ESA certification are all in processed and in place, streamlining the conversion process. Rental Income: The existing three units are currently rented on a month-to-month basis, providing immediate income. Flexibility: Complete the conversion to a fourplex for increased rental income or maintain the current duplex configuration with spacious units. Prime Location: Central to schools, downtown, and amenities, ensuring high demand for rental units. Income Potential: Live in one unit and let the rental income from the others cover your mortgage, or maximize your investment by renting all units. Growth Opportunity: With all permits and approvals in place, the path to expanding the property’s potential is clear and ready for your vision. Don't miss out on this rare investment opportunity to own a versatile and income-generating property. Suite #1: $1339.55/mo - 2 bedroom + hydro Suite #2: $1600.00/mo - 2 bedroom + hydro Suite #3: $1600.00/mo - 2 bedroom + hydro Suite #4 in development - 1 bedroom + hydro *Landlord pays heat, water & sewer Sewer and water $2,594.84 total 2023 Heat - natural gas: $5,621.31 total 2023 - incl 2 gas dryers (id:58043)
Property Details
| MLS® Number | TB242953 |
| Property Type | Multi-family |
| Community Name | Kenora |
| CommunicationType | High Speed Internet |
| CommunityFeatures | Bus Route |
| Features | Interlocking Driveway |
Building
| Age | Over 26 Years |
| BasementType | Full |
| ExteriorFinish | Brick, Stucco |
| HeatingType | Boiler |
| StoriesTotal | 1 |
| SizeInterior | 1716 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| AccessType | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeFrontage | 50.0000 |
| SizeTotalText | Under 1/2 Acre |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/27418459/912-sixth-st-kenora-kenora
Interested?
Contact us for more information
Angela Kuchma
Broker
334 Second Street South
Kenora, Ontario P9N 1G5
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. 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. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 16 2024 04:32:47
Thunder Bay Real Estate Board
RE/MAX Northwest Realty Ltd.