2023 22 Avenue #A,B&C

Investor Alert: Unique Tri-Plex Generates Strong Rental Income in Delburne! Own a piece of Delburne history and a lucrative investment property! This meticulously maintained tri-plex, originally a church, boasts a prime location in the heart of the village. Spread across three lots with two titles, the property offers exceptional value and abundant space. Perfect for the savvy investor or owner-occupant, this tri-plex features: Three well-maintained suites: Each unit boasts approximately 750 sq ft on the main floor, with a spacious basement suite encompassing most of the lower level (minus mechanical). Live-in potential: Repurpose one suite for yourself and rent out the remaining units for a fantastic mortgage helper. Strong rental income: All three suites are currently occupied, generating a total of $3,200 per month. Solid financial performance: This investment boasts a Net Operating Income (NOI) of $17,098 per year and a desirable cap rate of 8%. Peace of mind ownership: The roof was replaced in 2012, and the mechanical system receives regular servicing for worry-free operation. Ample parking and easy access: Enjoy the convenience of ample on-site parking and effortless accessibility. This unique tri-plex offers a rare opportunity to own a piece of Delburne's heritage while reaping the rewards of a strong rental income. Don't miss out on this exceptional investment! ***Note photos from previous vacancies. ALL units are occupied.