29 GILTSPUR DRIVE

About this property

Exceptional opportunity for investors or end-users seeking strong income potential with flexibility. This fully self-contained duplex features two separate apartments, each with its own private entrance, with an additional front entrance added to enhance functionality and privacy for the upper unit. The basement apartment also features a proper egress window and its own separate hydro meter.Both units were renovated prior to the current tenants taking occupancy, and the same tenants have remained since the renovations were completed - a true testament to the quality of the property and an excellent opportunity for investors seeking stable, reliable income. Current rents are at - or above - market value, providing immediate positive cash flow from day one.Recent updates completed by the owners include a new furnace and A/C unit, new driveway, updated eavestroughs and gutters, new basement oven, and new washing machine. The property also features renovated kitchens and bathrooms, laminate flooring, halogen pot lights, and shared laundry facilities.Tenants are responsible for their own hydro usage, with gas expenses split 60% for the upper unit and 40% for the basement apartment. Tenants also share responsibility for snow removal and lawn maintenance.A fantastic turnkey income property in a strong rental market with quality long-term tenants already in place. (id:66779)

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