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Key Facts
Key facts for 33 Lake Street
Property Type
Apartment, 2-Storey
Parking
None 0 garage, 6 parking
MLS #
X12324597
Size
2500-3000 sqft
Basement
Full,Unfinished
Listed on
2025-08-05
Lot size
40 x 125.0
Tax
$4,710 /yr
Days on Market
13
Approximate Age
100+
Maintenance Fee
-
Description
Well-maintained downtown FIVEPLEX! A rare investment opportunity! Located just steps from Montebello Park and within walking distance to downtown businesses and public transit, this 2,655 sq/ft. apartment building is a fantastic opportunity for investors seeking reliable income. All the units have b...een recently renovated. This building features five self-contained one-bedroom units, each with a private bedroom, kitchen, living area, and bathroom. Fully rented and currently leased to excellent tenants on month-to-month terms, generating over $60,000 in gross annual income. Each unit includes water, heat, hydro and internet, offering convenience and value for tenants. Additional features include: on-site parking for six vehicles and coin-operated laundry in a shared area. Some other updates include: rear stairs (2020), roof (2016). An easy-to-maintain property with low operating demands. This is an ideal opportunity to maintain a fully leased income property or move into one unit and continue renting out the others. A solid, turnkey investment in a desirable downtown location!
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