Property Description for 2696 UPPER JAMES Street
Prime investment, personal residence, or development opportunity. This spacious and versatile 5-bedroom, 2-bathroom home offers exceptional potential for investors, multi-generational families, or homeowners looking to maximize value. With two full kitchens and two large living rooms, the layout is ideal for rental income, personal use, or extended family living. Situated on an impressive 96 x 429-foot lot, the property provides not only space and privacy but also significant development potential. Whether you're considering future severance, additional dwelling units, or redevelopment (buyer to verify), the lot size opens the door to a wide range of possibilities. Currently leased to AAA tenants, the property generates over $8,000 per month in rental income, which includes revenue from the rear portion of the lot that is also leased. With less than a year remaining on the lease, new ownership will enjoy both strong cash flow and flexibility to pursue future plans. Located close to all major amenities, including shopping, schools, parks, and public transit, this property offers the perfect balance of income, space, and long-term potential. Whether you're looking to invest, live in, or develop, this is a rare opportunity you won't want to miss. (id:38686)
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Property Details
Property Tax
: $4,200MLS® #
: 40755655
Home Features
Property Type
: Single FamilySquare Footage
: 1,700 SQFTSubdivision
: 531 - Mount Hope Municipal
Interior Features
Heating
: Forced air, Natural gasBasement
: Unfinished, Full
Utilities
Sewer
: Municipal sewage system
Other
Parking Features
: Detached GarageExterior Features
: Vinyl siding
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