430 E I

Description

Rare development and income opportunity in one of Ontario’s most sought-after residential neighborhoods. Situated on a prime corner lot, this six-unit property (six-plex) offers immediate rental income with significant upside—zoned to allow the addition of up to six ADUs, creating a compelling value-add investment.The existing six units have been thoughtfully updated, four of th units are 2 bed 1 bath and two of the units are 1 bed 1 bath, featuring modern finishes and bright, inviting interiors. Upgrades include brand-new tile flooring, refreshed kitchens with updated cabinetry and countertops, fresh interior paint, and beautifully renovated bathrooms with new tubs and tile surrounds. Select areas offer updated carpeting for added comfort, along with crown molding, new baseboards, and enhanced cabinetry throughout. Ceiling fans and large windows provide excellent airflow and abundant natural light, creating warm, livable spaces tenants appreciate.Set on an expansive lot, the property offers rare outdoor space for a multi-family asset, with lush green lawn areas and a sense of privacy not typically found in apartment living. The corner positioning enhances accessibility, layout flexibility, and future development potential.Infrastructure improvements include updated plumbing and electrical systems, with the property maintained in excellent condition—providing a solid foundation for both current cash flow and future expansion. All units have updated interior and exterior painting and have all been renovated, boasting of upgrades.Ideally located near shopping, dining, schools, and major commuter routes, this property blends quiet residential living with everyday convenience. Whether you’re looking to expand your portfolio or capitalize on Ontario’s strong rental demand and ADU-friendly zoning, this is a standout opportunity with both stability and growth potential.