1520 Gerald Street

Original Remarks

Well-maintained Semi-Detached raised bungalow offering two self-contained units. The upper unit features 2 bedrooms and 1 bathroom with tall ceilings, an oversized master bedroom, and a functional, comfortable layout. The lower unit offers 2 bedrooms and 1 bathroom, with tall ceilings and large windows bringing in plenty of natural light, creating a bright and inviting basement space.Both units include their own kitchen, living area, and in-unit laundry, providing convenience and privacy for occupants. The Fully legal basement apartment was added in 2022 with city permits obtained and closed. Built to code with compliant electrical, proper fire separation, and interconnected smoke detectors providing peace of mind.Currently tenanted with reliable occupants paying $1,945/month (upper) and $1,800/month (lower), on month-to-month leases. Tenants have been in place for several years, offering steady income from day 1 or flexibility for owner occupancy.A solid and turn key opportunity to generate rental income, or offset your mortgage in a well-maintained property.