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1028 Gladstone Avenue

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  • 7 Bedroom
  • 3 Bathroom
  • 2,000 - 2,500 ft2
  • Forced Air

$1,149,900

Don't miss out on this fantastic opportunity! Explore this very large recently renovated, ready-to-go brick Triplex in vibrant Hintonburg. Comprised of 2 extremely spacious VACANT 3-bedroom units ($2,500 & $2400 conservative projected rents) & 1 convenient tenanted 1-bedroom unit(currently rented to great tenant at $1,100). Situated on a prime lot with exceptional long term development potential. This versatile Triplex offers multiple options for savvy investors. You can choose to live in one of the units & rent out the others, creating an ideal living & income arrangement. Alternatively, maintain it as a reliable long-term investment, securing your future retirement plan. **2025 ALL NEW: 2 kitchens, flooring, lighting, electrical throughout(documents available) plus, 4 separate, newly installed hydro meters so each unit plus common utilities can be separated and reduce expenses to the owner - significant savings! Excellent ROI - 5.2% cap rate(contact for full financials) with major items already taken care of and modernized. Located in one of the most sought-after areas in town, with easy access to the desirable Wellington shops & the Civic Hospital. Well maintained & cared for by the current owner. ~10 year old roof, 6 year old furnace. 1 parking space included. Don't let this opportunity slip away, call Patrick today for more! (id:50982)

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Details

Property Details
MLS® Number X12091397
Property Type Multi-family
Community Name 4203 - Hintonburg
Parking Space Total 1
Building
Bathroom Total 3
Bedrooms Above Ground 7
Bedrooms Total 7
Amenities Separate Electricity Meters
Appliances Water Heater - Tankless, Dryer, Stove, Washer, Refrigerator
Basement Development Finished
Basement Type Full (finished)
Exterior Finish Brick, Stucco
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 3
Size Interior 2,000 - 2,500 Ft2
Type Triplex
Utility Water Municipal Water
Parking
No Garage
Land
Acreage No
Sewer Sanitary Sewer
Size Depth 46 Ft ,6 In
Size Frontage 40 Ft
Size Irregular 40 X 46.5 Ft
Size Total Text 40 X 46.5 Ft
Utilities
Cable Installed
Sewer Installed

Map

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