$1,099,900
6.76 BTC
Photos
1028 Gladstone Avenue, West Centre Town
$1,099,900
PRICE
7
BEDROOMS
3
BATHROOMS
X12091397
MLSID

1028 Gladstone Avenue, West Centre Town

Don't miss out on this fantastic opportunity! Explore this very large recently renovated, ready-to-go brick Triplex in vibrant Hintonburg. Comprised of 2 extremely spacious VACANT 3-bedroom units ($2,500 & $2400 conservative projected rents) & 1 convenient tenanted 1-bedroom unit(currently rented to great tenant at $1,100). Situated on a prime lot with exceptional long term development potential. This versatile Triplex offers multiple options for savvy investors. You can choose to live in one of the units & rent out the others, creating an ideal living & income arrangement. Alternatively, maintain it as a reliable long-term investment, securing your future retirement plan. **2025 ALL NEW: 2 kitchens, flooring, lighting, electrical throughout(documents available) plus, 4 separate, newly installed hydro meters so each unit plus common utilities can be separated and reduce expenses to the owner - significant savings! Excellent ROI - 5.2% cap rate(contact for full financials) with major items already taken care of and modernized. Located in one of the most sought-after areas in town, with easy access to the desirable Wellington shops & the Civic Hospital. Well maintained & cared for by the current owner. ~10 year old roof, 6 year old furnace. 1 parking space included. Don't let this opportunity slip away, call Patrick today for more!
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Summary

Address
1028 Gladstone Avenue
MLSID
X12091397
Property Type
Triplex
Property Category
Bedrooms
7
Bathrooms
3
Kitchens
3
Taxes (Annual)
$6,098.00
Tax Year
2024
Published
April 18, 2025
Days on Market
120 Days
Possession Type
Immediate
Possession Details
Tbd
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Inclusions

3 Fridges, 3 Stoves, Washer, Dryer

Exclusions

Tenant's belongings

Details

Bathroom 1
4-Piece Main Level
Bathroom 2
3-Piece Second Level
Bathroom 3
4-Piece Second Level
Parking Spaces
1
Parking Total
1
Architectural Style
3-Storey
Roof
Asphalt Shingle
Construction Materials
Brick, Stucco (Plaster)
Lot Size
1,860
Lot Width
40 Feet
Lot Depth
46 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Vacant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with ROYAL LEPAGE TEAM REALTY
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