2,160 ft2
Bi-Level
Fireplace
Forced Air
$1,249,000
EXCEPTIONAL INVESTMENT OPPORTUNITY in a highly desirable Southwest community, within three blocks of the Anderson C-Train Station and Southcentre Mall! This TRUE LEGAL FOURPLEX generates $74,400 in annual rental revenue with excellent tenants in place and strong upside for future rent increases—a rare and highly sought-after asset in this prime, transit-oriented location.Purpose-built as a fourplex (NOT a converted duplex like many others on the market), this solid investment offers over 4,320 SQ.FT. of total living space across four fully self-contained units, an extremely rare configuration in today’s market. Each unit features three bedrooms, its own private entrance, a dedicated furnace, separate electrical meter, individual hot water tank, in-suite washer and dryer, ample storage, a fenced private yard, and a dedicated parking stall—a combination that consistently attracts quality, long-term tenants and supports strong rental demand.Two of the units have been completely renovated throughout, while a third unit has received numerous updates including a new dishwasher, fresh paint, new baseboards, updated window coverings, and new closet doors. The fourth unit is occupied by long-term tenants and has also seen improvements, including bathroom upgrades, a new washing machine, and a new hot water tank.Additional property-wide upgrades include new windows and patio doors, high-efficiency furnaces, updated hot water tanks, and various cosmetic improvements, making this a turn-key investment with immediate cash flow and long-term upside.Located in a high-demand Southwest location with consistent tenant appeal, excellent access to transit, shopping, and amenities, and strong tenants already in place, this is a rare opportunity to acquire a LEGAL fourplex that truly checks every box for investors. If you’ve been searching for a proven income property with stability, scale, and future potential—THIS IS IT! (id:58331)
Property Details
|
MLS® Number
|
A2280116 |
|
Property Type
|
Multi-family |
|
Community Name
|
Southwood |
|
Parking Space Total
|
4 |
|
Plan
|
324lk |
Building
|
Architectural Style
|
Bi-level |
|
Basement Development
|
Finished |
|
Basement Features
|
Separate Entrance, Walk-up |
|
Basement Type
|
Full (finished) |
|
Constructed Date
|
1972 |
|
Construction Material
|
Wood Frame |
|
Exterior Finish
|
Brick, Stucco |
|
Fireplace Present
|
Yes |
|
Fireplace Total
|
4 |
|
Flooring Type
|
Carpeted, Tile, Vinyl Plank |
|
Foundation Type
|
Poured Concrete |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Size Interior
|
2,160 Ft2 |
|
Total Finished Area
|
2159.54 Sqft |
|
Type
|
Multi-family |
Land
|
Acreage
|
No |
|
Size Depth
|
37.18 M |
|
Size Frontage
|
16.76 M |
|
Size Irregular
|
623.00 |
|
Size Total
|
623 M2|4,051 - 7,250 Sqft |
|
Size Total Text
|
623 M2|4,051 - 7,250 Sqft |
|
Zoning Description
|
M-c1 |