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$1,099,999
Est. payment /mo
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Vanier
MLS Listing ID E12665744
Style 2-Storey
Bedrooms 8
Annual Tax Amount $8,476
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Exceptional Investment Opportunity in a Prime Location. A rare opportunity to acquire a meticulously maintained, custom-built four-unit multiplex with a proven history of stability and performance. Constructed in 1990, this solid brick building offers a well-balanced unit mix consisting of two spacious three-bedroom suites and two thoughtfully designed one-bedroom suites, each laid out for comfort and functionality. The property has demonstrated exceptional tenant demand, maintaining zero vacancy for the past 14 years. Two units are currently occupied by long-standing, reliable tenants, reflecting strong tenant retention and consistent cash flow. Recent Capital Improvements & Ongoing Maintenance Include: Roof replacement (2021), Driveway and parking area professionally re-paved (2010), Front and upper-level windows replaced (2018), Remote camera monitoring system installed (2023), New coin-operated washing machine (2024), New carpeting in front and rear common areas (2025, as per seller) Annual fire safety inspections are completed, and the building is fully equipped with pull stations, smoke detectors, and fire extinguishers, providing peace of mind for owners and tenants alike. Parking & Location Highlights: Ample on-site parking is available for residents and guests. The property is ideally situated with convenient access to public transit, schools, shopping, and major highways-making it highly attractive to renters. Whether you are expanding an existing portfolio or entering the multi-residential market, this turnkey asset offers reliable income, low maintenance, and long-term value. Opportunities of this caliber are rarely available. (Taxes as per GeoWarehouse. Square footage as per MPAC. Room measurements as per photographer.)
Location
Province ON
County Durham
Area Durham
Rooms
Family Room No
Basement Apartment, Finished
Kitchen 4
Separate Den/Office 2
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Electric
Exterior
Parking Features Available, Private, Mutual
Pool None
Roof Type Asphalt Shingle
Topography Flat
Lot Frontage 55.0
Lot Depth 115.0
Total Parking Spaces 6
Building
Building Age 31-50
Foundation Poured Concrete
Others
ParcelsYN No
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Listed by LAND & GATE REAL ESTATE INC.
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