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Listing provided by Andrew Stephens together with EXIT REALTY METRO

Welcome to 116 Coronation Ave! This 2-unit bungalow is located in the heart of Fairview and has a capitalization rate of 5.3%. The upper unit features 2 bedrooms, 1 bathroom, electric baseboard heating, and a ductless heat pump. The tenant currently pays $1,375/month + NSP on a fixed-term lease until September 30, 2026. The lower unit offers 1 bedroom, 1 bathroom, and was fully renovated in 2019. It also includes electric baseboard heating and a ductless heat pump. The tenant currently pays $1,400/month + NSP on a fixed-term lease until August 31, 2026. There's enough parking for two cars, one for each unit. With its prime Fairview location, this property offers strong rental appeal and consistent demand, making it easy to fill vacancies when they arise. Total rental income is $33,300. Property taxes for 2026 are $3,037.28. Current annual insurance cost is $1,951.92. Last year's water bill expense was only $663.39. Current NOI is $27,647.41. (id:31684)

Home Details for 116 Coronation Avenue