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**Attention Savvy Investors** This is your chance to create generational wealth with this spectacular purpose built turnkey student rental property generating 111k in annual rents (Fully Leased). 9 minutes to Queens U and fantastic area amenities. Main house features 4 Beds 2 Baths with BRAND NEW LEGAL addition adding 8 Beds & 3 Baths to this cash flow machine. FEATURES INCLUDE: 2 Kitchens w/3rd roughed in, 5 Fridges, 2 Stoves, 2 microwaves, 3 laundry pairs, 2 TV's, 2 decks, detached garage, 3 water heaters (owned), 2 electrical panels w/sub panel, carpet free with hardwood/vinyl/ceramic flooring, glass showers, electric fireplace, & select furniture. Very efficient as tenants pay all utilities due to separate hydro meters, heated flooring, 3 Wall A/C's, and electric baseboards all with separate thermostats. Very low operating and capital costs make this a cornerstone property for a first time investor or a pinnacle addition to any portfolio. (id:24093)
Listed by Michael Bedioui of RE/MAX Escarpment Realty Inc.

Property Details of 271 MACDONNELL Street

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"Based on information submitted to CREA as of August 17, 2022 . 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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