FOR SALE
$920,000
33 Ottawa, Scugog, ON, L9L 1K2
3
2
1100-1500
About the Property
Well-maintained triplex on an oversized lot with over 84 ft of frontage, offering a rare opportunity to blend immediate cash flow, owner-occupancy potential, and long-term redevelopment upside. The property generates $48,192 annually with a net operating income of $31,582, featuring a spacious upper-level 3-bedroom unit ideal for an owner-occupant, complemented by two lower-level studio apartments to help offset carrying costs. Unit 1 and Unit 2 are currently on month-to-month leases, while Unit 3 is leased until July 31, 2026. This property has been meticulously maintained by long-term ownership, with clear pride of care throughout and very little deferred maintenance, allowing a new owner to step in and operate with confidence and minimal immediate capital requirements.
About the Property
Well-maintained triplex on an oversized lot with over 84 ft of frontage, offering a rare opportunity to blend immediate cash flow, owner-occupancy potential, and long-term redevelopment upside. The property generates $48,192 annually with a net operating income of $31,582, featuring a spacious upper-level 3-bedroom unit ideal for an owner-occupant, complemented by two lower-level studio apartments to help offset carrying costs. Unit 1 and Unit 2 are currently on month-to-month leases, while Unit 3 is leased until July 31, 2026. This property has been meticulously maintained by long-term ownership, with clear pride of care throughout and very little deferred maintenance, allowing a new owner to step in and operate with confidence and minimal immediate capital requirements.
Major capital improvements include a new roof (2014), driveway expansion and repaving, landscaping and regrading, masonry repairs, and a PVC privacy fence. For investors, this is a balanced asset with solid in-place income and clear upside. For end users, it presents a unique opportunity to live in a larger unit while generating meaningful rental income. The 84 ft frontage further enhances the property with strong future potential for redevelopment, severance, or expansion, making this a versatile acquisition in a market where opportunities like this are increasingly rare.
Property Details
MLS#:
X13050852
Status:
For Sale
Property Type:
Triplex
Central A/C:
No
Bedrooms:
3+2
Heating Fuel:
Radiant
Bathrooms:
3
Heating Type:
Radiant
Parking:
6 Spots
Cross Street:
Vernon & Cote
Basement:
Apartment, Finished
Major capital improvements include a new roof (2014), driveway expansion and repaving, landscaping and regrading, masonry repairs, and a PVC privacy fence. For investors, this is a balanced asset with solid in-place income and clear upside. For end users, it presents a unique opportunity to live in a larger unit while generating meaningful rental income. The 84 ft frontage further enhances the property with strong future potential for redevelopment, severance, or expansion, making this a versatile acquisition in a market where opportunities like this are increasingly rare.
Property Details
MLS#:
X13050852
Status:
For Sale
Property Type:
Triplex
Central A/C:
No
Bedrooms:
3+2
Heating Fuel:
Radiant
Bathrooms:
3
Heating Type:
Radiant
Parking:
6 Spots
Cross Street:
Vernon & Cote
Basement:
Apartment, Finished
Maintenance:
Exterior:
Brick
Possession Date:
Presented By:
SLEEPWELL REALTY GROUP LTD
Maintenance:
Exterior:
Brick
Possession Date:
Presented By:
SLEEPWELL REALTY GROUP LTD