Property Search

S/S now offer anytime. Kindly please give 48 to 72 hours notice for showing. Investment Opportunity – Licensed 5-Suite Rooming House in Wolseley
Excellent Cash-Flowing Investment with Approx. 8% Cap Rate!
Don’t miss this outstanding income-producing property in the desirable Wolseley neighbourhood. This licensed five-suite rooming house generates approximately $60,000 in annual rental revenue and offers immediate cash flow with reliable tenants already in place.

Property Features:

* Licensed 5-suite rooming house
* Approximate 8% cap rate
* Annual gross rental income of approximately $60,000
* Main Floor: Spacious 1-bedroom, 1-bathroom suite (approx. 600 sq. ft.)
* Second Floor: Three bachelor suites (approx. 250 sq. ft. each) with a shared bathroom
* Third Floor: 1-bedroom, 1-bathroom suite (approx. 400 sq. ft.)

Recent Updates:

* Two second-floor bachelor suites have been fully renovated.
* Third-floor suite has also been renovated.
* Knob-and-tube wiring removed in June 2021.
* Newer gas boiler efficiently heats the entire building.
* Several windows have been upgraded.
All measurements, information provided by the seller and should be independently verified by the purchaser.

• Property Type Commercial, Multi-Family for Sale