$799,000 Sale
Listed 4 days ago
10550, 10552 62 Avenue
· 10
· 5.50
· -
· 1634.30
Key Facts
Key facts for 10550, 10552 62 Avenue
Property Type
House, Raised Bungalow
Parking
Rear Drive Access,See Remarks , Rear Drive Access,See Remarks
MLS®
E4512273
Size
1634.30 sqft
Basement
Full,Finished, Fully Finished
Listed on
-
Lot size
-
Tax
-
Days on Website
-
Year Built
1972
Maintenance Fee
-
Description
Built as a revenue property or perfect for large families, this Allendale up/down duplex situated on a 50’ x 124’, 597 m2 lot pairs a practical income-focused layout with inviting, renovated interiors. 5 bdrms on each level create flexibility for rental arrangements, while separate entrances, laundr...y, furnaces, HWTs & electrical meters support independent living. Upstairs, an open living and dining area brings everyone together around a generous kitchen with Quartz counters, wood cabinetry, S/S appliances & center island. Large windows brighten both levels, including the lower kitchen & comfortable living space. Renovations completed in 2020 included kitchens, windows, flooring, bathroom updates & mechanical equipment. A mature, tree-lined street, fenced yard, storage shed & rear-lane parking add appeal & convenience. Based on 2025 income & operating expenses, the asking price reflects an approximate 6% cap rate, offering investors a compelling opportunity to grow their portfolio in Allendale
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Courtesy of: Colin A Tessier, RE/MAX Elite