29 LANGSTONE

About This Property

This 11-bedroom, 3-bathroom multi-family in Halton Hills (Georgetown) is available for your consideration. The home features forced air, natural gas heating, central air conditioning, a partially finished, separate entrance, n/a, n/a basement.

MLS Remarks

Located in a mature Georgetown neighbourhood, this one of a kind legal non-conforming lodging home delivers impressive 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. Can also be used for extended family! 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 positive ROI with stable, long-term tenants who 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 final completion-offering further potential to increase unit value and rental rates. Upgrades include shingles(2017), vinyl windows less than 15 years old, and laminate flooring on the second floor (2014) and main floor (2015). 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 double hydro metered home stands out as a rare high-yield investment in one of Georgetown's most established areas. (id:60351)

Location