OTP 5/29 at 3 p.m. Looking for a project with serious upside potential? This 7-unit multifamily property is a true blank canvas—and with THREE city lots on title, multifamily zoning, and vacant possession available, the options here are wide open. Does the value lie in the land itself, with a larger redevelopment vision? Or do you keep the existing building and complete a substantial renovation to increase rental income through a BRRR-style strategy? Currently configured with 2, 2-bedroom suites, 4, 1-bedroom suites and 1 bachelor suite, this property has been a solid, predictable income generator for its long-time owner. There is also a large basement that may offer further development potential, along with ample rear parking & plug-in stalls. The location adds to the appeal, with public transportation just steps away, easy access to downtown and green space right next door. Whether you’re looking to expand your portfolio, reposition an income property, or investigate future development possibilities, this is the kind of opportunity investors look for but rarely find. Buyers to complete their own due diligence regarding zoning, development potential, permits & future use. Vacant possession available.
4C / -
For Sale:
Yes
For Lease:
No
Property Type:
Industrial / Commercial / Investment
Property Sub Type:
Multi-Family for Sale
Depth:
0'0 m
Frontage:
90'27.4 m
Building Area:
4,890 sq. ft.454 m2
Parking:
Parking Pad, Rear Drive Access, Surface
Total Parking Spaces:
7
Storeys:
3.0
Number Garages:
0
Airport Nearby, Downtown, Park/reserve, Public Transportation
Legal Plan:
5174
Legal Lot:
1, 2 and 3
Title to Land:
Freehold
Number of suites:
7
Number of Units:
7
Bachelor Units:
1
1-Bedroom Units:
4
2-Bedroom Units:
2
3-Bedroom Units:
0
Welcome to 755 Luxton Place. This 7 unit apartment complex is