58-60 Louisa Street

Original Remarks

Welcome to 58-60 Louisa Street. A classic red brick triplex in the heart of the city. Just steps from restaurants on Preston Street, picturesque walks along Dow's Lake, and the LRT, this property offers the best of urban convenience and lifestyle. This three-storey investment property features generously sized principal rooms, individual hydro meters, new exterior patios off of all three units, recently updated roof and windows, parking for 4 cars, large detached garage, and a healthy income with lots of room to grow. Unit 1 is a large one bedroom plus den with formal living and dining room. Owner occupied and estimated $1900/month+hydro, parking included. Unit 2 is a spacious one bedroom plus den $1420/month+hydro, parking included. Unit 3 is a bright open concept studio $830/month+hydro, parking included. Heat: $1,201, Water: $1,108, Insurance: $1,724, Hydro: $830. That's a CAP rate of 4.97%!!! Perfect for an owner to occupy or as a fully tenanted rental investment. Discover the opportunity for yourself. Book your private showing today!