355 Portsmouth Avenue

About This Property

Excellent investment opportunity! This solid all brick bungalow offers two well designed units, including a bright main floor suite and a recently added secondary suite-both thoughtfully updated and fully rented.The main floor unit features 4 spacious bedrooms and 2 full bathrooms, a large living room with a charming brick feature wall, and a walk out to an oversized deck. The functional kitchen provides ample storage and is complemented by an attached laundry area. Recent upgrades include two renovated bathrooms, updated electrical and electrical panel, and a full repaint throughout. Generous windows in every bedroom ensure plenty of natural light. The secondary suite offers 2 main level bedrooms plus 4 additional lower level bedrooms, 2 full bathrooms, a spacious kitchen, a central living room, and its own laundry room. Three dedicated storage areas help keep belongings organized. This suite has seen extensive improvements, including a new kitchen, new bathroom and plumbing, updated electrical and electrical panel, new flooring, new windows, a new laundry centre, and fresh paint throughout. Outside, the large backyard provides a deck, mature trees, and ample space to enjoy the summer months. A double driveway accommodates parking for up to 4 vehicles. The property is ideally located in the heart of the Polson Park district-just a short walk to St. Lawrence College and steps from public transit to Queen's University. Unit 1 is rented at $3,000/month until 2027 04 30, and Unit 2 is rented at $3,900/month until 2026 08 31. Tenants pay all heat and electricity. Gross annual income: $82,800