63 Argyle St
The home
A turnkey triplex with room to grow.
This property provides the best of both worlds: a turnkey, fully tenanted luxury triplex for stable income, and the opportunity to add value by building a 1,200 square foot, two-storey laneway house. The perfect investment property for the seasoned or first-time real estate investor.
It has been completely renovated from top to bottom with no expense spared ($900k in renovations). Everything in the house is brand new, including kitchens, bathrooms, electrical, plumbing, windows and sound proofing… even the beams are brand new. The basement has been underpinned and strengthened to allow for the addition of a third floor.
Currently generating $10,000/month in rental income from three self-contained units, each with ensuite laundry.
- Three self-contained units, all tenanted
- $900k top-to-bottom renovation
- Underpinned basement, engineered for a third floor
- Laneway house potential: 1,200 sq ft, two storeys, 2 bed + 2.5 bath
For investors
The units and the numbers.
| Unit | Beds | Baths | Status | Rent / month |
|---|---|---|---|---|
| Main floor | 3 | 2 | Tenanted · + utilities | $4,100 |
| Upper floor | 3 | 2 | Tenanted · + utilities | $3,900 |
| Lower floor | 1 | 1 | Tenanted · + utilities | $2,000 |
| Gross rent | $10,000 / mo | |||
Rents and expenses provided by the seller; projected figures are marked. Verify independently.
Floor plan
The layout.
Laneway house potential.
The lot allows a swanky two-storey laneway house of about 1,200 sq ft with 2 bedrooms and 2.5 bathrooms, adding a fourth income stream or a home for family on the same property.
The neighbourhood
Trinity Bellwoods, on your doorstep.
Gallery
All photos.
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