About 5219 53 Street
FULLY RENTED 4-PLEX | NEW BOILER (2023) ~ Here’s a solid investment opportunity in a quiet, easy-to-rent building—perfect for the savvy investor. This fully tenanted 4-plex features four 2-bedroom, 1-bathroom suites, in-suite laundry hook-ups, covered entries, separate electric meters, with ample rear and street parking. ~ Capital upgrades include: (2014) New Roof, (2023) New Boiler with a 10-year warranty, (2022) Reframed Foundation Walls & New Sidewalks (over $100K invested). The North, West, and South walls were excavated to the footings, rebuilt to modern standards, and wrapped below grade with proper drainage, sump pit, and weeping tile. There have been no water issues since the family has owned it, even during major flooding in Eckville in 2011. ~ Currently generating $44,760 in gross annual rental income, this property has a strong rental history and long-term income potential. ~ Whether you're growing your portfolio or looking for a turnkey addition, this 4-plex delivers cash flow, key upgrades, and peace of mind.
