Listed by Blue Forest Realty Inc..

42 Terrace Street is a Duplex, 1 1/2 Storey and is currently for Sale @ $449,900. Taxes in 2024 were $2,517.00.

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This fully leased, licensed duplex is a fantastic investment opportunity, generating steady rental income with a 2-bedroom main floor unit and an upper bachelor unit. The 1 1/2 Storey on 42 Terrace Street has 3 bedrooms, 2 bathrooms, and is located on a 40.00 x 125.00 ft lot in the community of South I . Whether you're an investor or looking to offset your mortgage with rental income, this property delivers.The unfinished basement offers excellent potential to increase value, with great ceiling height, a separate walkout, and a spacious layout. It presents potential opportunities such as expanding the main units living space, providing additional tenant storage, or housing a coin-operated laundrycreating an extra income stream.Additional perks include a large shed that has previously been rented out for extra revenue. Recent updatesdeck repairs, fresh paint in the main unit, a new vanity, toilet, and bathroom windowensure the property is well-maintained and move-in ready.Located on a corner lot with two parking spaces and a generous backyard, this duplex is minutes from Victoria Hospital, public transit, and key amenities. Dont miss this chance to own a turnkey investment with room to grow!

The address 42 Terrace Street was listed for sale (MLS# X11976341) on Tuesday, February 18, 2025.