49 Morningside Avenue

About this property

Stunning legal triplex in sought-after High Park Swansea! Featuring 4+2 bedrooms, 6 bathrooms, custom quartz kitchens, hardwood floors, and stainless steel appliances. Ideal for large families, multi-gen living, or investors. Upper unit is currently leased for $3,500/month, the main floor unit is leased for $3,000/month and basement is rented for $1890/month covering the majority of your mortgage. Total monthly rent $8390/month with a yearly income of $100,680 with a 4.31 cap rate. Easily used as a single-family home or live in one unit and rent the others once when any tenant vacates in the future. The fully finished above ground lower level includes a separate entrance, kitchen, 2 bedrooms, and a full bath perfect as an in-law suite or rental. Rare income property in a high-demand, low-supply pocket near Rennie Park. All units are separately metered for gas and hydro, water split at 33% per unit.

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