98 Donald Street, Overbrook - Castleheights and Area, ON K1K 1N2 (Donald cross Vanier Pkwy)
$ 725000 - MLS : X12882868

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Description

Prime Investment Opportunity at 98 Donald. Exceptional turnkey income property with significant redevelopment potential, ideally located on Donald Street. This single-detached bungalow features a legal secondary dwelling unit and sits within the City's new CM1 (Corridor Mainstreet) zoning, offering strong current cash flow with excellent long-term upside. The main floor offers 3 spacious bedrooms, 1 full bathroom, a large living room, and a bright kitchen with breakfast area, complemented by hardwood flooring and renovations completed in 2023. The fully legal basement rental unit was constructed with all required permits and inspections, and includes a separate entrance, 3 bedrooms, 1 bathroom, full kitchen, and in-unit laundry, providing a highly functional layout for tenants. Additional features include two separate hydro meters(200 AMPS), a detached garage, and parking for up to 4 vehicles in the backyard. The property is fully rented, delivering a cap rate of over 5% (cash flow over 4700/Month), making it a strong cash-flowing investment from day one. Strategically located within the CM1 - Corridor Mainstreet zoning, the property also offers significant future redevelopment potential, allowing for higher-density residential or mixed-use development along an evolving urban corridor. This zoning supports intensification and long-term land value growth, making the property attractive to both investors and developers. A rare opportunity to secure a fully leased income property today with substantial redevelopment potential for tomorrow.

Location Description

Donald cross Vanier Pkwy

Property Detail

Facts and Features

Amenities

Listing Contracted With: HOME RUN REALTY INC.