403 PEACH TREE Lane, Manor Park – Cardinal Glen And Area, ON K1K 2R7

Turnkey triplex with significant upside. An additional third floor can be added under the current zoning and
drawings for three additional bachelor units have been completed. The flat roof allows you to easily convert the
property into a Legal 6plex. As is: The Upper Level 4-bedroom unit is renting for $2800, the 4 bedroom unit on the
main level is renting for $2400, and the three-bedroom basement unit is renting for $2200 per month. Additional
$275 per month of revenue from parking and laundry. Utilities are not included. Property currently has a cap rate
of 5.27%. Perfect investment opportunity for growth-minded buyers. Construction services can be provided for
those interested in adding the 3 units. Permits have been submitted for the 3 additional units. 24 hrs notice for
showings due to tenants & 24 hrs irrevocable on all offers; as per form 244. Additional inclusions: 2 light fixtures in
the basement., Flooring: Hardwood, Flooring: Laminate