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    Quality investment property in a fantastic location near Queen's University and St. Lawrence college. This triplex is fully rented to excellent tenants who all pay their own utilities as each unit is separately metered. Units consist of 1 - 3 bedroom unit and 2- 2 bedroom units. The property is rented as follows: 3 bedroom for $1600 per month with built in rental increases for the next two years of $1650 then $1700. 1-2 bedroom unit rented for $1600 per month. 1- 2 bedroom unit rented for $1750- brand new tenant just moved in oct 23. Bonus coin washing machine in the basement for additional income and a massive parking area behind the property that could also be used to bring in more income if you charged for parking. The building has been very well maintained. The shingles, windows and attic insulation were updated in 2012. Lower level floors done in the last two years. One of the very few investment properties listed that is operating at over 7.5% cap rate and has a lot of room to easily increase the rents and income down the road. This is an excellent investment opportunity! (id:24093)
    Listed by Jason Barbosa of Re/Max Rise Executives,Brokerage

    Property Details of 291 Helen Street

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    "Based on information submitted to CREA as of December 4, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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