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    For Sale - 98 Donald Street, Overbrook - Castleheights and Area, Ontario

    Est payment $3,481/mo
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    Time on Jump  1 days

    AI Summary *

    • Turnkey income property with a strong cash flow of over 4700/month.
    • Legal secondary unit in the basement with separate entrance and in-unit laundry.
    • Main floor boasts 3 spacious bedrooms and a bright renovated kitchen.
    • Parking for up to 4 vehicles and a detached garage for convenience.
    • Located in a CM1 zone with potential for future redevelopment opportunities.




    Prime investment opportunity at 98 donald. Exceptional turnkey income property with significant redevelopment potential, ideally located on donald street. This single-detached bungalow features a legal secondary dwelling unit and sits within the city's new cm1 (corridor mainstreet) zoning, offering strong current cash flow with excellent long-term upside. The main floor offers 3 spacious bedrooms, 1 full bathroom, a large living room, and a bright kitchen with breakfast area, complemented by hardwood flooring and renovations completed in 2023. The fully legal basement rental unit was constructed with all required permits and inspections, and includes a separate entrance, 3 bedrooms, 1 bathroom, full kitchen, and in-unit laundry, providing a highly functional layout for tenants. Additional features include two separate hydro meters(200 amps), a detached garage, and parking for up to 4 vehicles in the backyard. The property is fully rented, delivering a cap rate of over 5% (cash flow over 4700/month), making it a strong cash-flowing investment from day one. Strategically located within the cm1 - corridor mainstreet zoning, the property also offers significant future redevelopment potential, allowing for higher-density residential or mixed-use development along an evolving urban corridor. This zoning supports intensification and long-term land value growth, making the property attractive to both investors and developers. A rare opportunity to secure a fully leased income property today with substantial redevelopment potential for tomorrow.
    Listing IDX12882868
    Address98 Donald Street
    CityOverbrook - Castleheights and Area, Onta…
    Price$725,000
    Bed / Bath6 / 2 Full
    StyleBungalow, Detached
    ConstructionBrick
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features In-Law SuiteOwnership FreeholdBasement ApartmentFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Agency:  HOME RUN REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    98 Donald Street
    Overbrook - Castleheights and Area , Ontario
    6 2 $725,000
    Get more info