This versatile multi-purpose residence in the West end of town offers incredible flexibility of ownership, whether for investment, multi-generational living, or economical homeownership. Currently set up as two self-contained rental suites, each unit features 2 bedrooms, a full bath, a formal living and dining room, a full kitchen, and in-unit laundry (washer only). With approximately 2,000 sq. ft. of total living space, a common side entrance leads to separate access for each unit, ensuring privacy. The upper unit is leased at $2,000/month with lease until November 2025, while the lower unit is vacant, previously rented for the same amount all-inclusive creating a potential gross rental income of $48,000 annually. The property boasts a large 164-ft deep fenced yard with a storage shed, parking for up to four vehicles, and is conveniently located on the City Bus route and close to town and highway, offering easy commuter access. Recent updates include newer roof shingles (2023), added laundry facilities and an owned hot water tank, with additional features such as vinyl windows, a forced-air gas furnace, and laminate flooring. Appliances for both units two fridges, two stoves, and two washers are included. Whether you choose to live in one unit while renting the other or lease both units for a solid investment return, this property is a fantastic opportunity. Immediate possession is available for the vacant unit, and detailed income/expense reports and floor plans are ready for review.
Address
21 Pepper Avenue
List Price
$549,900
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow-Raised
Area
Belleville
Sub-Area
Belleville Ward
County
Hastings
Bedrooms
2 + 2
Bathrooms
2
Floor Area
700 - 1100 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
167.65
Lot Shape
Rectangular
Lot Size Range (Acres)
.50 - 1.99
Lot Size Units
Feet
Lot Width
37.62
Approx. Age
31 - 50 Years
MLS® Number
X11986207
Listing Brokerage
ROYAL LEPAGE PROALLIANCE REALTY
Basement Area
Apartment, Separate Entrance
Postal Code
K8P 4R2
Parking
Private Double
Parking Places (Total)
4
Tax Amount
$3,891.31
Tax Year
2024
Exterior Features
Controlled Entry
Interior Features
Accessory Apartment, In-Law Suite, Primary Bedroom - Main Floor, Sump Pump, Water Heater Owned
Property Features
Fenced Yard, Hospital, Marina, Park, Public Transit, School Bus Route
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick, Vinyl Siding
Direction Faces
South
Foundation Details
Concrete Block
Garage Type
None
Kitchens Total
2
Other Structures
Garden Shed
Pool Features
None
Roof
Asphalt Shingle
Security Features
Carbon Monoxide Detectors, Smoke Detector
View Type
Downtown
Waterfront
None
Sewer
Sewer