63 Argyle St
63
Argyle St
Triplex + Laneway Potential
Sold! Over Asking
$2,500,000
Projected Financials:
Monthly Income: $10,000
NOI: $161,443/annum
Cap: 5.57%
Cash flow: $80,400/annum
This property provides the best of both worlds! A turn key, fully tenanted luxury triplex for stable income, and the opportunity to add value by building a 1,200 square foot 2 storey laneway house, the perfect investment property for the seasoned or first time real estate investor.
It has been completely renovated from top to bottom with no expense spared ($900k in renovations). Everything in the house is brand new including: kitchens, bathrooms, electrical, plumbing, windows, sound proofing…even the beams are brand new. The basement has been underpinned and strengthened to allow for the addition of a 3rd floor.
Currently generating $10,000/month in rental income with 3 self contained units:
Main Floor – 3 Bed 2 Bath, ensuite laundry – $4,100 + utilities
Upper Floor – 3 Bed 2 Bath, ensuite laundry – $3,900 + utilities
Lower Floor – 1 Bed 1 Bath, ensuite laundry – $2,000 + utilities
The laneway housing potential for this property allows the construction of a swanky two storey, 2 beds and 2.5 bath.
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Schedule a
walk-through
There’s no better way to know if this is “the one” than to explore the space in person. At Coral we don’t push, pressure, or persuade so you can explore the property in peace.
63 Argyle St
Gallery
Virtual
Exploration
a new community, new memories, and maybe even a new favourite coffee shop.
