Property Description

Unique and versatile renovated duplex/semi-detached property situated on an extra-deep lot extending to a laneway, offering a variety of possibilities for investors, families and owner-occupiers. The property features two self-contained residential units, making it ideal for multi-generational families looking to live together while maintaining separate living spaces, or for an owner to live in one unit while generating rental income from the other. One unit is currently vacant and was previously rented for $2,500/month, while the second unit is currently rented for $2,600/month. A flexible property offering immediate income potential and multiple options for future use. The property benefits from separate municipal records and taxation associated with the property, adding to its unique characteristics., which are both registered as single address in land registry as 172.The extra-deep lot extending to a laneway offers exciting future expansion opportunities, including the potential for additional multi-unit development, subject to Township/Municipal approvals, zoning, servicing, permits and all applicable requirements. Port Hope Area Initiative (PHAI): Property is subject to the Port Hope Area Initiative (PHAI). A PHAI letter pertaining to the property is available. A truly unique opportunity for investors, multi-generational families or owner-occupiers looking for flexibility, rental income and future potential. Live in one unit and rent the other, have family close by, or explore future expansion possibilities-many great options! Annual property taxes are currently $7,333.82 in total, comprised of $3,863.17 for the larger unit and $3,479.65 for the smaller unit. (id:7434)