Welcome to 1403 19 St NE, a remarkable investment opportunity in the coveted neighborhood of Mayland Heights! This charming bungalow offers a winning combination of RC-2 zoning, a generously sized lot, and incredible rental potential, making it a dream come true for savvy investors like yourself. The property's larger sized lot, coupled with its RC-2 zoning, opens up a world of possibilities for future development or income-generating endeavors. You have the flexibility to explore building a legal secondary suite, a duplex, or even consider subdividing the lot (subject to city approval). This zoning allows you to optimize your investment returns and capitalize on the property's potential. As you step inside, you'll be greeted by a cozy living room that basks in abundant natural light, thanks to a large window. The wood-burning fireplace adds character and warmth, creating an inviting atmosphere that potential tenants will appreciate during colder months.
The dining area is spacious and features another large window, offering a pleasant view of the backyard. The u-shaped kitchen offers ample cabinet space and practicality, catering to tenants who value functionality and convenience. The primary bedroom is a standout feature, boasting an attached den or sun-room that adds versatility to the living space. This additional room could serve as a home office, a reading nook, or simply a relaxing retreat. Two good-sized closets and built-in storage offer practicality and organization for tenants. The updated four-piece bathroom exudes modern elegance, featuring stylish tiles and accents. The large shower adds a touch of luxury, enhancing the overall appeal of the space. A second bedroom on the main floor further enhances the rental potential, catering to families, roommates, or professionals seeking a multi-bedroom living space. The basement holds incredible value, housing a fully set-up two-bedroom illegal suite. This presents an excellent opportunity to generate additional rental income, substantially boosting your cash flow as an investor. Step outside to the private backyard oasis, fully fenced to ensure tenants' privacy and security. With the larger lot size, you have the potential to create an outdoor paradise, incorporating recreational areas, gardening spaces, or a tranquil retreat for tenants to enjoy. The property also includes an oversized double detached garage and an additional parking pad, ensuring sufficient parking space, another attractive feature for potential tenants. In addition to the RC-2 zoning and rental potential from the illegal suite, this home features several upgrades, including a newer roof, mid-efficiency furnace, and newer vinyl windows. These upgrades add value to the property while minimizing maintenance costs. The neighborhood offers a vibrant lifestyle, with nearby parks, walking trails, and excellent city transit options like the Max Orange (North Crosstown) BRT. Don't miss on this opportunity!
