University Buy-and-Hold: 4-Unit Cash Flow Engine Finding an exceptional buy-and-hold asset usually means compromising on location or layout—but this unique side-by-side bi-level duplex delivers both. Located minutes from the University, this cash-flow engine features fully legal basement suites, offering four distinct income streams in a near-zero vacancy market. The bi-level layout is an investor's secret weapon. Main levels offer bright living spaces transitioning to private, elevated balconies. Because of the design, the lower units sit partially above grade, completely eliminating that dark basement feel. Massive, oversized windows flood the legal lower suites with natural light, making them just as inviting as the main floors. With moderate renovations already completed, the heavy lifting is done for a clean, stable asset from day one. The property features a sun-drenched, south-facing backyard and a double detached garage perfect for generating additional parking or storage revenue.
Property Type:
Single Family
Dwelling Type:
Duplex
Home Style:
Bi-Level
Total Floor Area:
1,705.45 sq. ft.158 m2
Price Per SqFt:
$454.43
Total area above grade.:
1,705 sq. ft.158.44 m2
Finished Area Above Grade:
1,703.3 sq. ft.158 m2
Finished Area Below Grade:
1,580.46 sq. ft.147 m2
Secondary Suite:
Yes
2nd Suite Permit By Seller:
Yes
Separate Entrance:
Yes
Lot Area:
5,714.02 sq. ft.531 m2
Grade Level Entry:
Yes
Levels:
2
Exposure / Faces:
North
Year built:
1976
(Age: 50)
Bedrooms:
8
(Above Grd: 4)
Bathrooms:
4.0
(Full:4/Half:0)
Total Rooms Above Grade:
7
Plan:
667KS
Building Type:
Duplex Side By Side
Construction:
Wood, Asphalt, Vinyl
Foundation:
Concrete Perimeter
Basement:
Full, Finished
Basement Development:
Fully Finished
Roof:
Asphalt Shingles
Floor Finish:
Ceramic Tile, Laminate Flooring
Heating:
Forced Air-2, Natural Gas
Fireplace:
No
Parking:
Double Garage Detached
Total Parking Spaces:
2
Garage:
Yes
Ensuite:
No
Deck
Northwest
Allendale
Back Lane, Landscaped, No Through Road, Playground Nearby, Public Transportation, Schools, Shopping Nearby
Deck
Back Lane, Landscaped, No Through Road, Playground Nearby, Public Transportation, Schools, Shopping Nearby
See Remarks
None Known
Private
Floor
Type
Size
Other
Main
Living Room
Measurements not available
-
Main
Dining Room
Measurements not available
-
Main
Kitchen
Measurements not available
-
Basement
Family Room
Measurements not available
-
Floor
Ensuite
Pieces
Other
Main
No
4
Main
No
4
Basement
No
3
Basement
No
3
Seller Rights Reserved:
No
Zone:
Zone 15
Zoning:
Zone 15
Title to Land:
Fee Simple
Legal Lot:
10
Road Access:
Paved
LINC Number:
0017674128
Days On Website:
13 day(s)13 day(s)
Split-level exterior featuring light-toned siding and a contrasting brown trim roof
Sitting room
Open-concept living area featuring wood-finish flooring, neutral wall tones, and a large sliding glass door with dark drapery
Open-concept living space with wood-finish flooring, neutral wall tones, and white trim
Kitchen featuring white cabinetry, a double basin sink, tile flooring, and track lighting
Room featuring wood-finish flooring, neutral wall paint, and a large window with horizontal blinds
Dedicated laundry closet featuring a stacked white washer and dryer, convenient shelving, and a nearby window
Bathroom vanity with an integrated sink and base cabinetry, complemented by a medicine cabinet and three-light vanity bar
Bedroom
Private balcony featuring a wood-finish floor and black metal railing with privacy panels
Recreation room with wood-finish flooring, light grey walls, and a recessed window
Living room
Kitchenette featuring light wood-finish flooring, white cabinetry, and a light-colored countertop
Kitchen
Versatile room featuring wood-finish flooring, light-toned walls, and a window with blinds
Bathroom featuring a white vanity with integrated sink, chrome faucet, and framed mirror
Room with light wood-finish flooring, white walls, and a textured ceiling
Dedicated laundry area featuring a white washing machine and dryer
Utility area featuring a water heater, furnace, and additional mechanical systems
Bright living area featuring wood-finish flooring
Image quality insufficient for description
Image quality insufficient for description
Office
Galley kitchen featuring white cabinetry with gold-toned hardware, a white tile backsplash, a built-in dishwasher, and a window with horizontal blinds
Image quality insufficient for description
Laundry room
Bathroom vanity with white cabinetry, a light-colored countertop, and a white framed mirror with an overhead light fixture
Light-colored walls complement the wood-finish flooring
Image quality insufficient for description
Recessed ceiling light fixture illuminating a spacious area with wood-finish flooring
Open concept living area with wood-finish flooring, recessed lighting, and a neutral color palette
Galley kitchen featuring white cabinetry, light-toned countertops, white tile flooring, and a round ceiling light fixture
Compact kitchen area featuring a stainless steel sink, wood-finish countertop, white base cabinetry with recessed panel doors, white upper cabinetry, and a white tile backsplash
Bedroom
Bedroom featuring light-toned walls, a single window, and light wood-finish flooring
Bathroom featuring a white vanity with integrated sink, chrome faucet, and a wall-mounted mirror
Bathroom featuring a white vanity with an integrated sink, chrome faucet, and a tiled backsplash
Dedicated laundry area featuring a window, overhead shelving, and exposed utility lines
Mechanical room featuring a water heater, furnace, and exposed ductwork
Detached garage featuring horizontal vinyl siding, brown trim, and a white access door
Detached two-car garage featuring panel-style doors and horizontal siding
Courtesy of Marcel J de Moissac and Ricky D Hill of RE/MAX Elite
Data was last updated June 24, 2026 at 09:30 AM (UTC)
Area Statistics
Listings on market:
151
Avg list price:
$718,800
Min list price:
$175,000
Max list price:
$4,900,000
Avg days in system:
36
Min days in system:
2
Max days in system:
537
Avg price per sq.ft.:
$484.15
These statistics are generated based on the current listing's property type
and located in
Zone 15. Average values are
derived using median calculations. This data is not produced by
The Association's MLS® System.