Turnkey Duplex Opportunity! Discover this fully converted duplex situated on an impressive approximately ¼-acre lot in a desirable neighbourhood in Ridgetown. Extensively renovated in 2022, this low-maintenance property is an excellent opportunity for investors and owner-occupants alike. The duplex features two spacious rental units generating a combined $3,520 per month in rental income. The front unit rents for $1,725/month (all-inclusive), while the rear unit rents for $1,795/month, with the tenant responsible for their own gas service. Designed with tenant appeal in mind, each unit enjoys its own private backyard space, offering added privacy and outdoor living that's rarely found in duplex properties. The generous lot also provides ample parking and plenty of room to enjoy. With extensive updates already completed and reliable rental income in place, this property offers a seamless investment opportunity from the day you take possession. Whether you're expanding your investment portfolio or searching for your first home, this property also presents an excellent house-hacking opportunity—live in one unit while the rental income from the other helps offset your mortgage and monthly expenses. Don't miss this opportunity to own a fully renovated income property with exceptional flexibility, offering the potential to generate income from day one while building long-term wealth. (id:4069)
Address
5 Tiffany STREET
List Price
$439,000
Property Type
Multi-family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Ridgetown
Lot Size
X / 0.252 AC Sq. Ft.
MLS® Number
26018282
Listing Brokerage
MATCH REALTY INC.
Postal Code
N0P2C0
Zoning
R3
Ownership
Freehold
Heat Source
Natural gas
Heat Type
Forced air, Furnace
Foundation Details
Concrete
Number Of Floors In Building
2
