33
$485,000 Sale
Listed 14 hours ago
101 New Cove Road
· 6
· 3.5
· 0
· 2268
Key Facts
Key facts for 101 New Cove Road
Property Type
Apartment
Parking
Garage: No, 0 parking
MLS #
1304910
Size
2268 sqft
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1955
Maintenance Fee
-
Description
Income-Generating Investment Property with Three Separate Living Spaces! Offering excellent versatility and income potential, this unique property features a two-apartment home plus an additional registered in-law suite with a separate entrance. With two units leased and a third recently renovated, ...this is an attractive opportunity for investors or buyers looking to offset their mortgage with rental income. The main unit offers 3 bedrooms, a spacious living room, separate dining room, kitchen, laundry, and 1.5 bathrooms, including a half bath in the primary bedroom. Currently leased for $2,300/month, utilities included. The registered in-law suite features a studio-style kitchen and living area with peninsula, separate bedroom, and 3-piece bathroom. It is currently leased for $1,100/month, utilities included, and shares an electrical service with the main unit. The 2-bedroom apartment has its own dedicated electrical service and has recently been updated with new flooring throughout and fresh paint. It includes a kitchen, living room, bathroom, and laundry hookups. Currently vacant following renovations, it has a projected rental income of $1,500/month POU (plus utilities). When fully rented at the stated rates, the property offers potential gross rental income of $4,900/month ($58,800 annually), before expenses. The oversized lot features mature trees, a fully fenced rear yard, rear yard access, a storage shed, and two driveways with parking for 7+ vehicles. The roof was newly shingled in 2026. With multiple living spaces, established rental income, additional income potential, and recent upgrades, this property is an excellent opportunity for investors! As per the seller’s direction, no offers will be conveyed until Tuesday, November 4th at 4:00 PM. All offers to remain open until 9:00 PM. (id:10452)
Room Types
Bath (# pieces 1-6)
-
Dimensions 3 PC x 3 PC
0 sqft
Bath (# pieces 1-6)
-
Dimensions 4 PC x 4 PC
0 sqft
Bath (# pieces 1-6)
-
Dimensions 4PC x 4PC
0 sqft
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Listing courtesy of: eXp Realty
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