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Key Facts
Key facts for 224 MITCHELL Street
Property Type
Apartment, 2-Storey
Parking
None 2 garage, 4 parking
MLS #
X12339872
Size
3500-5000 sqft
Basement
None
Listed on
2025-08-11
Lot size
60 x 90.0
Tax
$5,499 /yr
Days on Market
9
Approximate Age
51-99
Maintenance Fee
-
Description
Exceptional 8-Unit Multi-Property Investment /Seize this rare opportunity to own a high-performing, income-generating portfolio featuring three separate buildings across 220/224 Mitchell St. & 59 Louis St. This package includes two duplexes and one fourplex, for a total of 8 residential units with s...trong cash flow and future upside.224 Mitchell (Fourplex): Three fully renovated 1-bedroom units and one gutted unit approved for a 5-bedroom rooming house. Currently generating $3,750/month, with substantial income potential upon completion of the 5-bedroom unit.59 Louis (Duplex): One 1-bedroom and one bachelor unit, bringing in $1,100/month, plus added value from an on-site garage and shed.220 Mitchell (Duplex): Two 1-bedroom units, both rented at $1,250/month, totaling $2,500/month. Combined gross monthly income is $7,350, with clear value-add potential. The portfolio includes six fully renovated and tenanted units, one rented but unrenovated unit, and one gutted unit awaiting completion. All three properties have received major upgrades, including newer roofs (2015), updated windows, siding, soffits, eaves, and modernized plumbing. With seven units legally recognized by the City, this is a rare, high-yield investment offering both immediate income and long-term appreciation potential.
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