114 Victoria Street

About This Property

This well-maintained, solid brick triplex is well located within walking distance to amenities, making it an ideal addition to your investment portfolio. The property offers two spacious 3-bedroom units and one 2-bedroom unit with a den, all on separate hydro meters with tenants paying their own utilities except water and sewer. One tenant also maintains the lawn, making upkeep simple. Unit 1 on the main floor features a kitchen, living room, two bedrooms, a den, full bathroom, laundry hookup, and hallway storage. Unit 2 on the second floor offers three bedrooms, a living room, kitchen, full bathroom, and storage closet, with the tenant vacating at the end of September. Unit 3, located in the back two-storey addition, includes a kitchen, living room, bedroom, laundry, and deck on the main level, plus two additional bedrooms and a full bathroom upstairs.Recent updates include a durable steel roof and a new deck added in 2021. With net income over $37,000 and an approximate 7.4% rate of return, this property delivers a strong, reliable investment opportunity in a desirable Walkerton location.