For Sale - 256 Hannah Street, Vanier and Kingsview Park, Ontario

Est payment $3,594/mo
Views   1
Time on Jump  89 day
  • Legal triplex on a large 50x100 ft lot with R4UA-c zoning.
  • Current gross operating income of $65,520/year from three rental units.
  • Opportunity for flexible renting, renovating, or redeveloping the property.
  • Neighboring properties available for potential land assembly or expansion.
  • Located in an evolving neighborhood with great growth potential.



Fantastic investment opportunity with a strong cap rate! Legal triplex on a large 50x100 ft lot with r4ua-c zoning. Strong rental income with gross operating income of $65,520/year. Unit 1: 2 bed/2 bath rented at $1,735/month (all inclusive). Unit 2: 2 bed/2 bath rented at $2,330/month (all inclusive). Unit 3: bachelor/2bath rented at $1395/month (all inclusive). Endless flexibility to rent, renovate, or redevelop. Rare land assembly potential with neighbouring 244, 250, and 258 hannah also available, combine for total lot size of 180x100 ft -- (18000 sq. Ft. ). Own the block, collect the income, and control the future. Great upside in an evolving neighbourhood. Property is being sold "as-is, where is". No warranties or representations from the seller.
Listing IDX12314288
Address256 Hannah Street
CityVanier and Kingsview Park, Ontario
Price$725,000
Bed / Bath6 / 6 Full
Style2-Storey, Triplex
ConstructionStucco (Plaster)
TypeMulti-Family
StatusFor Sale
Subtype TriplexIndoor Features NoneOwnership FreeholdBasement Full, FinishedFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer
Parking 6.00
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Listing Agency:  ROYAL LEPAGE TEAM REALTY
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256 Hannah Street
Vanier and Kingsview Park , Ontario
6 6 $725,000
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