Real Estate Investment:  4-Plex - 547 Burnside Road, Victoria

About This Property                               

Excellent Revenue Property with gross rents ~$6300/month. This well looked after, updated, non conforming character home consists of 4 suites and a garage. There's also excess room on the lower level (another unit?). Parking is normally a real issue with these types of properties - but not so here - rear lane access provides easy off street parking for 5 cars! This property is perfect for an investor looking for a turnkey property to take advantage of low interest rates, or for someone who is handy and can increase gross revenue through improvements. Many recent updates to the home include tankless hot water, flooring, and more. Gross annual income of ~$75,600 and room for growth!

Features

• Built in 1947
• 5,500 SQFT Lot
• 4,546 SQFT Building
• Fully Tenanted