14 Bedroom
8 Bathroom
6,270 ft2
Bungalow
Baseboard Heaters, Hot Water
Acreage
$649,900
Endless opportunities await with this unique investment property! Whether you redesign it into a multi-unit rental, extend the existing structure, or convert it back into a senior care or special care home, the potential here is unmatched. Currently being being used as a 12-bedroom rooming house, plus a separate 2-bedroom apartment. This property has been cash-flowing consistently with proven income sustainability for the last two years. Built with quality, safety, and functionality in mind, this quiet building is professionally managed and fully wheelchair accessible. It features a built-in alarm and sprinkler system (with water reserve), a large rear balcony, and a wheelchair ramp at the front entrance. The 2-bedroom unit could be ideal for a live-in owner or superintendent, while the 12 rooms offer a mix of private and shared facilities: four rooms include private 2-piece bathrooms, plus a common 3-piece bathroom, a mens-only bathroom, a womens-only bathroom, and an additional common shower and sink. Wide hallways and open spaces make this property easy to navigate and adaptable to various uses. As an added bonus, the garage is also rented for extra income. (id:19018)
Property Details
MLS® Number
|
NB112829 |
Property Type
|
Single Family |
Equipment Type
|
None |
Rental Equipment Type
|
None |
Building
Bathroom Total
|
8 |
Bedrooms Above Ground
|
14 |
Bedrooms Total
|
14 |
Architectural Style
|
Bungalow |
Constructed Date
|
2010 |
Exterior Finish
|
Vinyl |
Half Bath Total
|
4 |
Heating Fuel
|
Electric, Oil |
Heating Type
|
Baseboard Heaters, Hot Water |
Stories Total
|
1 |
Size Interior
|
6,270 Ft2 |
Total Finished Area
|
6270 Sqft |
Type
|
House |
Utility Water
|
Well |
Parking
Land
Acreage
|
Yes |
Sewer
|
Septic System |
Size Irregular
|
7492 |
Size Total
|
7492 M2 |
Size Total Text
|
7492 M2 |
https://www.realtor.ca/real-estate/27940080/46762-homestead-road-salisbury