Multi-Unit Investment/Development Opportunity in New Edinburgh

This is a great investment or development opportunity in sought after New Edinburgh. This fantastic 40-foot x 100-foot is just steps from Beechwood Avenue and offers amazing potential as a redevelopment. The lot currently has a fourplex, which has one studio apartment, two 1-bedroom units and a 2-bedroom unit.

The main floor is home to the 1-bedroom unit, which was renovated in 2017/2018 and is currently being rented with 1 parking spot. The second floor features the studio and other 1-bedroom unit – each with its own balcony. One of the 1-bedroom units is separately metred. The roof was replaced in 2012 and the furnace is from 2010. This is an opportunity to develop a prime parcel of land or own a super fourplex in a fantastic location.