Remarks

Well-maintained triplex offering excellent investment potential! The property features three self-contained units with separate electrical meters, allowing tenants to pay their own utilities. Numerous upgrades over the years, including roof replacement, electrical entrance, and renovated kitchens, bathrooms, and flooring. The basement has been fully finished into a complete unit. Ideally located close to schools, parks, public transit, and all essential services, ensuring strong rental demand.

Well-maintained and upgraded triplex offering excellent investment potential in a convenient and sought-after location. The property features three self-contained units with separate electrical meters, allowing tenants to pay their own utilities, significantly enhancing its income efficiency. Close to schools, parks, public transit, and all essential services, this property benefits from strong and stable rental demand.

The building has undergone numerous improvements over the years. In 2007 (year of purchase), major upgrades were completed, including roof replacement and replacement of the electrical wiring from the outdoor utility pole to the interior of the house. In 2009, the basement was fully finished, converting it from an unfinished space into a complete unit. In 2015, three independent electrical meters were installed.

The main floor was fully renovated in 2021, including new flooring, an upgraded bathroom, and a renovated kitchen. The basement was further improved in 2018 with a renovated bathroom and new flooring, while the second floor was updated in 2022 with new flooring, re-tiled bathroom, and a refreshed kitchen. The backyard fencing was also fully replaced around 2011--2012.

In 2018, a water pipe in the backyard burst, causing temporary basement flooding. In 2018, the insurance company fully renovated the basement. Since then, there have been no issues. The owner has also maintained the property diligently, including having the roof professionally inspected every two years; the most recent inspection in summer 2024 confirmed the roof is in very good condition with no work required.

The 2 hot water tanks are rented. Two were installed in 2022, and the third (7177-1) is owned by seller. The tank for unit 7177A is paid by the owner ($10.8/month, taxes included), 7717 #2 is paid by the tenants.

The property also features a pleasant backyard with a mature cherry tree, adding charm and outdoor enjoyment.