$884,900

Residential · MLS® A2286088
5Bedrooms
2Bathrooms
1,101Sq Ft
2Garage
1951Year Built
02 / Overview

PROPERTY OVERVIEW

Prime Inner-City Corner Lot | R-CG Zoning | Redevelopment & Renovation Opportunity

Exceptional opportunity on a corner lot in a sought-after inner-city location. Zoned R-CG, allowing a range of low-density residential development options (subject to City approval), this property offers redevelopment potential or renovation equity.

Main level features hardwood flooring, three bedrooms, and one full bathroom. Basement includes an existing illegal suite with separate entrance, requiring repair, offering additional value-add potential.

Estate sale – currently in probate. Sold as-is, where-is.

A rare opportunity for...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,101 sq ft
Lot Size5,521 sq ft
ZoningR-CG
HeatingCentral • Natural Gas
CoolingNone
ParkingDouble Garage Detached • Driveway • Garage Faces Side
ExteriorOther
BasementFull
Year Built1951
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$1,744After mortgage & expenses
Cap Rate2.1%Based on market rents
Cash on Cash Return-11.8%With 20% down payment
Est. Monthly Rent$2,177Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

WEST HILLHURST

Moderate Investment
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Investment Score70/100
Avg Home Price$1.1M
Active Listings45
Listed by Mirella Paulucci · TREC The Real Estate Company