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A high-yield asset combining immediate cash flow, significant capital improvements, andlong-term development potential. Situated on a massive lot in a prime Courtice location, thisproperty is flanked by custom-built estates, offering a clear path to future appreciation. Immediate Income Stream:Detached Workshop Revenue: Includes a 22. 5' x 25' insulated workshop equipped with 230V powerand a separate gas furnace. Currently generating $1,000/month ($12,000/year) in rental income. High-Capacity Residential: The 5-bedroom, 3-bathroom layout maximizes rental yield, catering tothe high demand for multi-room rentals or large family dwellings. Major Capital Expenditures Completed (2024)Minimize your carrying costs and maintenance reserves with recent high-value upgrades:Interior (2024): Brand-new laminate flooring throughout, new chandeliers, and three fullyrenovated bathrooms (including a primary ensuite with a sleek glass shower). Appliances (2024): New fridge, dishwasher, washer, and dryer included. Building Envelope: Durable metal roof installed in 2018, providing long-term protection andlower insurance premiums. Strategic Asset Value:The Lot: An expansive footprint offering ample space for potential future expansions, gardensuites (ADU), or severance/redevelopment (buyer to verify). The Layout: A versatile 1. 5-storey floor plan featuring a main-floor home office, twomain-floor bedrooms, and two generous upstairs bedrooms. Location: Prime Courtice North placement ensures high tenant demand and proximity to transitand essential amenities. This is a "buy and hold" or "New Build" play with a turn-key interior and a rare secondaryincome source that offsets mortgage costs from day one.
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StatCan 2021 Census · this home’s dissemination area (DA 35180685). Values are randomly rounded by Statistics Canada for privacy.
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