5 Tiffany Street Ridgetown, Ontario N0P 2C0

$459,000

Turnkey Duplex Opportunity! Discover this fully converted duplex situated on an impressive approximately ¼-acre lot in a desirable neighbourhood in Ridgetown. Extensively renovated in 2022, this low-maintenance property is an excellent opportunity for investors and owner-occupants alike. The duplex features two spacious rental units generating a combined $3,520 per month in rental income. The front unit rents for $1,725/month (all-inclusive), while the rear unit rents for $1,795/month, with the tenant responsible for their own gas service. Designed with tenant appeal in mind, each unit enjoys its own private backyard space, offering added privacy and outdoor living that's rarely found in duplex properties. The generous lot also provides ample parking and plenty of room to enjoy. With extensive updates already completed and reliable rental income in place, this property offers a seamless investment opportunity from the day you take possession. Whether you're expanding your investment portfolio or searching for your first home, this property also presents an excellent house-hacking opportunity—live in one unit while the rental income from the other helps offset your mortgage and monthly expenses. Don't miss this opportunity to own a fully renovated income property with exceptional flexibility, offering the potential to generate income from day one while building long-term wealth. (id:55464)

Property Details

MLS® Number	26015394
Property Type	Multi-family

Building

Exterior Finish	Aluminum/vinyl
Flooring Type	Cushion/lino/vinyl
Foundation Type	Concrete
Heating Fuel	Natural Gas
Heating Type	Forced Air, Furnace
Stories Total	2
Type	Duplex

Parking

Other

4

Land

Acreage	No
Size Irregular	X / 0.252 Ac
Size Total Text	X / 0.252 Ac|0.25- 0.50 Acre
Zoning Description	R3

Rooms

Level	Type	Length	Width	Dimensions
Second Level	4pc Bathroom	6 ft ,3 in	5 ft ,9 in	6 ft ,3 in x 5 ft ,9 in
Second Level	Bedroom	14 ft ,8 in	8 ft ,5 in	14 ft ,8 in x 8 ft ,5 in
Second Level	Bedroom	11 ft ,7 in	9 ft ,8 in	11 ft ,7 in x 9 ft ,8 in
Second Level	Bedroom	10 ft ,8 in	7 ft ,10 in	10 ft ,8 in x 7 ft ,10 in
Basement	Bedroom	13 ft ,5 in	9 ft ,9 in	13 ft ,5 in x 9 ft ,9 in
Basement	Utility Room	8 ft	7 ft ,6 in	8 ft x 7 ft ,6 in
Basement	Recreation Room	9 ft ,6 in	7 ft	9 ft ,6 in x 7 ft
Main Level	Bedroom	13 ft ,5 in	10 ft ,2 in	13 ft ,5 in x 10 ft ,2 in
Main Level	Bedroom	11 ft ,4 in	10 ft	11 ft ,4 in x 10 ft
Main Level	Living Room	11 ft ,3 in	11 ft ,2 in	11 ft ,3 in x 11 ft ,2 in
Main Level	Kitchen	11 ft ,5 in	11 ft ,1 in	11 ft ,5 in x 11 ft ,1 in
Main Level	4pc Bathroom	9 ft ,10 in	8 ft ,8 in	9 ft ,10 in x 8 ft ,8 in
Main Level	Laundry Room	13 ft ,7 in	4 ft	13 ft ,7 in x 4 ft
Main Level	Laundry Room	10 ft ,6 in	6 ft ,4 in	10 ft ,6 in x 6 ft ,4 in
Main Level	Living Room/dining Room	13 ft	11 ft ,10 in	13 ft x 11 ft ,10 in

https://www.realtor.ca/real-estate/29964592/5-tiffany-street-ridgetown