Turnkey 6-Plex Investment in Caswell Hill – Fully Occupied, Poised for Redevelopment
A rare opportunity. Fully tenanted six-suite building. Minutes from downtown and major transit routes.
The city's planning department has already initiated the groundwork for corridor mixed-use redevelopment in this area, with the process now in the neighborhood approval stage.
Property Highlights:
* 2,625 sq.ft. above grade, offering generously sized suites throughout
* 4 two-bedroom suites (~850 sq.ft. each) and 2 one-bedroom suites (~780 sq.ft. each) — 3 units above ground, 3 below but with extra large windows,
* Suites fully self-contained each with a private entrance and in-suite laundry
* Strong tenant retention history.
* Professional management in place with option to keep.
Redevelopment Potential:
* Located along a corridor identified by the City for mixed-use redevelopment
* Planning groundwork already underway, currently progressing through the neighbourhood approval stage
* Offers investors both steady current income and long-term upside as the corridor evolves
Recent Capital Improvements:
* Eavestroughs, soffit, fascia, and leaf guards replaced (2022)
* Roof shingles replaced (2019)
* Triple-pane windows throughout for energy efficiency and noise reduction
* Several suites updated with newer flooring and fresh paint
* Majority of laundry equipment recently replaced.
Utility Structure:
* Individual electric baseboard heat and electric hot water tanks per suite
* Tenants responsible for electricity, phone, cable, and internet
* Owner responsible only for water and sewer.