$909,000
Priced over $150,000 BELOW assessed value and LEGAL SUITE! Exceptional investment opportunity with outstanding future redevelopment potential! Situated on a large, flat lot in a desirable family-friendly neighbourhood, this versatile property is zoned MF1, offering exciting possibilities for future development potential. The home features 7 bedrooms plus a den, including a spacious and fully self-contained 2-bedroom legal suite (currently being used as a 3 bedroom suite), making it an excellent income-generating property or ideal for multi-generational living. The upper level is currently rented for $3,500/month plus utilities, while the suite was generating an additional $2,500/month plus utilities, providing strong rental income. An additional summer kitchen offers even more flexibility for extended family or entertaining. Major mechanical updates have already been completed, including a new furnace, hot water tank, and air conditioner, offering peace of mind for years to come. Located in a sought-after neighbourhood close to excellent schools, parks, public transit, shopping, restaurants, and everyday amenities, this property offers both immediate cash flow and long-term upside. (id:64133)
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Property Details
MLS® Number 10394265 Property Type Single Family Neigbourhood Rutland South Features Central Island, Balcony ParkingSpaceTotal 1 -
Building
Bathroom Total 5 Bedrooms Total 7 Appliances Refrigerator, Dishwasher, Cooktop - Electric, Oven - Electric, Range - Electric, Washer & Dryer Constructed Date 1991 Construction Style Attachment Detached Cooling Type Central Air Conditioning Exterior Finish Vinyl Siding Fire Protection Smoke Detector Only Fireplace Fuel Gas Fireplace Present Yes Fireplace Total 1 Fireplace Type Unknown Flooring Type Carpeted Heating Type See Remarks Roof Material Asphalt Shingle Roof Style Unknown Stories Total 2 Size Interior 3,584 Sqft Type House Utility Water Municipal Water Parking
Additional Parking -
Land
Acreage No Sewer Municipal Sewage System Size Irregular 0.21 Size Total 0.21 Ac|under 1 Acre Size Total Text 0.21 Ac|under 1 Acre -
Rooms
Level Type Length Width Dimensions Lower Level Bedroom 9'11'' x 13'8'' Lower Level Other 15'2'' x 20'10'' Lower Level Utility Room 3'7'' x 7' Lower Level Kitchen 7'10'' x 6'2'' Lower Level 4pc Bathroom 5'9'' x 10'' Lower Level 4pc Bathroom 6'6'' x 9'1'' Lower Level Foyer 15'2'' x 8'7'' Lower Level Bedroom 17' x 14' Main Level Primary Bedroom 13'9'' x 13'11'' Main Level Kitchen 11' x 11' Main Level Great Room 24'8'' x 18'5'' Main Level Family Room 13'8'' x 18'11'' Main Level Dining Room 8' x 11'1'' Main Level Other 13'7'' x 8'8'' Main Level Bedroom 10' x 14' Main Level Bedroom 10' x 10'11'' Main Level 5pc Bathroom 7'5'' x 10'2'' Main Level 4pc Ensuite Bath 7'4'' x 5'9'' Additional Accommodation Living Room 15'6'' x 19'7'' Additional Accommodation Kitchen 7'11'' x 11'11'' Additional Accommodation Bedroom 11'8'' x 14' Additional Accommodation Bedroom 14'5'' x 14'1'' Additional Accommodation Full Bathroom 7' x 7'3''
Mark Gidden
Realtor/Founder
Lloyd Taverner
Realtor/Senior Partner
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August 06 2026 04:01:17
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