88 WOODHAVEN Road

A RARE OPPORTUNITY TO OWN A PROPERTY FEATURING THREE LEGAL UNITS in a friendly, established neighbourhood. Whether you're looking for the perfect multi-generational setup, a mortgage helper, or a turnkey investment, this versatile property offers exceptional flexibility. The main level features a bright, open-concept living and dining area filled with natural light, three generously sized bedrooms, and a full bathroom, creating a comfortable space to call home. The finished lower level is a fully self-contained two-bedroom suite complete with its own kitchen, offering privacy and independence for extended family or rental income. Adding even more value is the detached legal one-bedroom accessory dwelling unit, complete with its own kitchen, bathroom, and in-suite laundry, providing a completely separate living space for family, guests, or tenants. Situated on one of the larger lots in the neighbourhood, measuring approximately 52' x 109', the fully fenced backyard offers generous outdoor space for everyone to enjoy. Ideally located on a quiet street close to schools, parks, shopping, public transit, the ION LRT, and major highways, convenience is right at your doorstep. Recent updates include new flooring throughout, custom built-in cabinetry, a 200-amp electrical service, and an on-demand water heater (2021). Live in the spacious main unit while the two additional legal units help offset a significant portion of your monthly living expenses, create an ideal multi-generational living arrangement where everyone can enjoy their own private space, or take advantage of the property’s full investment potential with projected rental income of approximately $5,600 per month ($67,200 annually). Vendor Take-Back financing is available with a minimum 30% down payment, providing additional flexibility for qualified buyers. With a projected cap rate of over 6%, this is a rare opportunity for both owner-occupiers and investors in today’s market. (id:67197)

Price

$950,000

Property Type

Single Family

Transaction Type

For sale

Bedrooms

6

Bathrooms

3

Parking

4

MLS® Number

40861923

Interior Size

1927 sqft

Year Built

1958

Ownership Type

Freehold

Building Type

House

Architectural Style

Bungalow

Construction Style

Detached

Bedrooms Above Grade

4

Bedrooms Below Grade

2

Bathrooms

3

Basement

Full (Finished)

Basement Development

Finished

Cooling

Central air conditioning

Exterior Finish

Brick Veneer

Fireplace

No

Foundation

Poured Concrete

Heating Fuel

Natural gas

Heating

Forced air

Interior Size

1927 sqft

Stories

1

Water

Municipal water

Year Built

1958

Size Frontage

52 ft

Size Depth

110 ft

Acreage

No

Sewer

Municipal sewage system

Amenities Nearby

Place of Worship, Public Transit, Schools, Shopping

• Paved driveway
• Private Yard
• Place of Worship
• Public Transit
• Schools
• Shopping
• Water Heater
• Shed
• Porch

Ownership Type

Freehold