Purpose-built legal triplex in Georgetown, backing onto a walking trail and ravine with no rear neighbours. Two 2-bedroom units on the main level and one 1-bedroom unit on the lower level, each with its own entrance, bathroom, gas furnace, central air and owned hot water tank. Separate hydro and gas meters for every unit keep owner costs low, with tenants paying their own heat and hydro. Five parking spaces, a common coin laundry room and three private storage lockers. Recent updates include a new hot water tank, plumbing and flooring (2023) and a new A/C unit and dishwasher (2025); roof about 12 years old. All three units are tenanted month to month, with 2027 guideline increases already served. Gross income of $67,400 and net operating income of about $56,152. Located inside the Georgetown GO Major Transit Station Area, close to the GO station on the Kitchener line. A low-maintenance, income-producing building in a growing town. (id:4069)
Address
17 ACADEMY Road
List Price
$999,000
Property Type
Multi-family
Type of Dwelling
Triplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Georgetown
Bedrooms
5
Bathrooms
3
Floor Area
2,812 Sq. Ft.
Lot Depth
120 ft
Frontage Length
50 ft
Year Built
1957
MLS® Number
40873577
Listing Brokerage
Re/Max Real Estate Centre Inc.
Basement Area
Full (Finished)
Postal Code
L7G3N7
Zoning
LDR1-2(MN)
Ownership
Freehold
Parking Places (Total)
5
Site Influences
Hospital, Park, Public Transit, Schools
Features
Backs on greenbelt, Paved driveway, Laundry- Coin operated
Appliances
Microwave Built-in, Window Coverings
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
Central air conditioning
Number Of Floors In Building
1
Water Source
Municipal water
Access To Property
Road access
Sewer
Municipal sewage system
