29 Langstone Crescent Halton Hills, Ontario L7G 4N2

11 Bedroom 4 Bathroom 2,000 - 2,500 sqft
Central Air Conditioning Forced Air

$725,000

Located in a mature Georgetown neighborhood, this legal non-conforming Boarding/lodging home delivers impressive value with income potential and long-term growth prospects. Offering 10 bedrooms above grade and more than 2,000 square feet of living space, this property is ideal for investors seeking strong cash flow and multiple rental configurations. Positioned near the heart of town, it is just an eight-minute drive to the Georgetown train station and a 10-minute walk to shops, and amenities-making it highly attractive to prospective tenants. The property currently produces a ROI with stable, long-term tenants whom are willing to remain, ensuring immediate returns. Additionally, the spacious layout provides an opportunity to enhance rental income through renovations or by accommodating larger tenant groups. The basement adds approximately 560 square feet of partially finished space, including two additional washrooms requiring renovation-offering additional living space. Upgrades include roof (2017), vinyl windows less then 15 years old, and laminate flooring on the second floor (2014) and main floor (2015). Licensed as a boarding and lodging establishment since 1991, this property also benefits from a driveway updated in 2013 with furnace and A/C updated 2023. With strong financials, ongoing tenant demand, and multiple value-add opportunities, this legal non-conforming rooming house stands out as a rare high-yield investment to match today's standards, this property can offer a great supplement to income or help pay for mortgage, maintenance and utilities. (id:50787)

Property Details

MLS® Number W13878246
Property Type Multi-family
Community Name Georgetown
Amenities Near By Place Of Worship, Public Transit, Schools
Community Features Community Centre
Equipment Type Water Heater
Parking Space Total 6
Rental Equipment Type Water Heater
Structure Porch

Building

Bathroom Total 4
Bedrooms Above Ground 10
Bedrooms Below Ground 1
Bedrooms Total 11
Age 51 To 99 Years
Amenities Separate Electricity Meters
Appliances Central Vacuum, Water Heater, Water Softener
Basement Development Partially Finished
Basement Features Separate Entrance
Basement Type N/a, N/a (partially Finished)
Cooling Type Central Air Conditioning
Exterior Finish Aluminum Siding, Brick
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 2,000 - 2,500 Sqft
Type Duplex
Utility Water Municipal Water

Parking

Garage

Land

Acreage No
Fence Type Fully Fenced, Fenced Yard
Land Amenities Place Of Worship, Public Transit, Schools
Sewer Sanitary Sewer
Size Depth 113 Ft
Size Frontage 50 Ft
Size Irregular 50 X 113 Ft
Size Total Text 50 X 113 Ft

https://www.realtor.ca/real-estate/30382763/29-langstone-crescent-halton-hills-georgetown-georgetown

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