1316 King St E

Fabulous opportunity in the desirable Gage Park/Delta West neighbourhood! Welcome to this Fantastic 2,884 sf home with 3 self contained large apartments, set on a large 48ft x156ft lot. Beautifully updated over the last few years makes this property an excellent turnkey investment. An amazing Triplex also Zoned for Commercial Use. Enter the large main floor foyer and off the hallway find an independent office and 2-pc powder room perfect for anyone working from home, or as potential additional rental income for professional use. The main floor also features a 1-bedroom apartment with beautiful high ceilings, hardwood floors & stairs and gorgeous original restored gumwood trim wood details. The attractive spacious second-floor unit offers 2 large bedrooms and updated kitchen & bath, and an inviting large balcony off the second bedroom. On the third floor you come upon a 1-bedroom unit complete large open concept living & bedroom are with Juliette balcony and updated kitchen & bathroom. The basement offer access from main floor has well as a separate entrance to the side of the home and features large storage for tenants as well as other storage rooms for additional landlord use. The main basement area offers an additional laundry area and a large utility room with a 4-PC bathroom. Large 4 car driveway and detached oversized 2-car garage. 200amp breaker panel & electrical updates 2015. Plumbing updates 2015. Hi-Eff Furnace 2019. Hot water tank 2015. Insulation 2015. Some new window 2015. Basement waterproofing, weeping tile system, Delta MS foundation drainage board & sump pump in 2018. New 2nd floor deck floor 2023. Great Income with over 5% ROI. A fabulous opportunity not to miss.