5 Bed Residential Freehold – 885 Pinewood Crescent, Britannia Heights - Queensway Terrace N and Area, ON
$909,000 CAD
Property Description
Great Investment Opportunity or Ideal for Multi-Generational Living! This all-brick duplex features two existing units plus a finished basement with excellent potential for a third unit by adding a kitchenette (buyer to verify and obtain permits). Perfect for investors or owner-occupants seeking strong rental income with future upside.The upper unit is currently rented, with the tenant vacating September 1st. The main floor unit and finished basement are vacant, recently renovated, and move-in ready – allowing the new owner to set current market rents for future tenants.The basement offers flexible possibilities with access through the main floor unit as well as a separate exterior stairway entrance. It features large windows in both the bedroom and living area, a bright and spacious layout, and a huge storage room, making conversion to a separate unit a great opportunity. Situated on a massive lot with two separate driveways providing parking for up to six vehicles. Additional highlights include a shared basement laundry room with coin-operated washer and dryer purchased last year, a large storage area, and two owned hot water tanks included. Over $60,000 has been invested in recent upgrades, including new windows, parging, deck, interior paint, freshly painted front door, and full renovations to the main floor unit and basement. Fantastic location close to the river, nature trails, parks, and all that Britannia has to offer, with easy access to Highway 417, public transit, and the upcoming LRT. Surrounded by shops, restaurants, and everyday amenities, this property offers excellent cash flow potential and long-term appreciation in a highly convenient location.
Property Details
Type
Residential Freehold
Parking
6 spaces
All Photos
Location
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Lease Cost Summary
Estimated occupancy costs based on the listed rate.
Listed Rate
$909,000 / mo
Monthly Cost
$909,000
Annual Cost
$10,908,000
* TMI (taxes, maintenance, insurance) and utilities may be additional. Talk to Maneesh for full lease terms.
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