Priced below assessed value and LEGAL SUITE! Exceptional investment opportunity with outstanding future redevelopment potential! Situated on a large, flat lot in a desirable family-friendly neighbourhood, this versatile property is zoned MF1, offering exciting possibilities for future development potential. The home features 7 bedrooms plus a den, including a spacious and fully self-contained 2-bedroom legal suite (currently being used as a 3 bedroom suite), making it an excellent income-generating property or ideal for multi-generational living. The upper level is currently rented for $3,500/month plus utilities, while the suite generates an additional $2,500/month plus utilities, providing strong rental income. An additional summer kitchen offers even more flexibility for extended family or entertaining. Major mechanical updates have already been completed, including a new furnace, hot water tank, and air conditioner, offering peace of mind for years to come. Located in a sought-after neighbourhood close to excellent schools, parks, public transit, shopping, restaurants, and everyday amenities, this property offers both immediate cash flow and long-term upside. (id:2493)
Data was last updated July 10, 2026 at 10:15 PM (UTC)
Area Statistics
Listings on market:
85
Avg list price:
$350,000
Min list price:
$192,000
Max list price:
$3,087,500
Avg days on market:
65
Min days on market:
1
Max days on market:
284
Avg price per sq.ft.:
$310.56
These statistics are generated based on the current listing's property type
and located in
Rutland South. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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