Property Description

Centrally located income property offering immediate rental revenue with additional potential still waiting to be unlocked. The property currently features two finished, self-contained units: a spacious 3-bedroom unit and a 1-bedroom unit, both occupied by good, established tenants with long-term intentions to stay. Each unit offers its own laundry and separate air exchange system. Extensively renovated in 2020, the property underwent a substantial transformation including updated electrical and plumbing, new fixtures, Northstar windows and doors with upgraded trim, and numerous improvements completed to meet code requirements. The unfinished basement unit offers even more opportunity. Already roughed in and previously brought to code for fire rating with a drainage system installed, the space could be finished to accommodate an additional 1-bedroom plus den rental. Alternatively, it could make an ideal future landlord suite for an owner looking to live on-site while allowing the two existing units to offset the mortgage. With ample parking, proximity to local amenities and employment, established rental income, and the potential to add a third unit, 214 Main Street offers flexibility for both seasoned investors and buyers looking for a smart way to enter the income-property market. (id:7434)