2347 Baseline Road, Parkway Park - Queensway Terrace S And Area
$1,085,000
PRICE
4 + 4
BEDROOMS
4
BATHROOMS
X13177416
MLSID
2347 Baseline Road, Parkway Park - Queensway Terrace S And Area
WOW! Exceptional income producing asset with huge future development potential! Prime 58x100 ft lot in the fast growing Baseline Corridor. Fully tenanted 2-unit dwelling (4-bed 2-full bath each unit) producing $83,373/yearly ($6947 monthly). An excellent cash flowing asset with a $57,927 Net Income. High demand rental area. You can decide whether you want to keep it operating as a duplex or redevelop in the future. The New Zoning for the property is MS2, allowing high density development up to 20m height. Ideally located just steps to Algonquin College, College Square, Pinecrest Recreation Centre, transit, shopping, and more. (The New Zoning in force is anticipated Sept 2026). Buy this property today and benefit from the up zoning in the nearest future. Buyers to verify zoning/permitted uses.
8 double beds, 8 desks, 8 office chairs, 2 sets of 4 bars stools (8 total), 3 futons, 1 Poang chair, 2 coffee tables, 3 Billy bookcases, window blinds, Boiler (owned), two dryers, two washers, two refrigerators, two stoves, two over the range microwaves, two dishwashers.
Exclusions
Tenant Belongings
Details
Property Features
Fenced Yard, Public Transit, Rec./Commun.Centre, School, School Bus Route
Security Features
Carbon Monoxide Detectors, Smoke Detector
Bathroom 1
4-Piece Main Level
Bathroom 2
4-Piece Basement Level
Bathroom 3
4-Piece Basement Level
Bathroom 4
4-Piece Main Level
Basement
Finished
Exterior Features
Landscaped, Controlled Entry
Interior Features
Water Heater Owned, Upgraded Insulation, Separate Hydro Meter, Primary Bedroom - Main Floor, Separate Heating Controls, Accessory Apartment, Carpet Free