47 Lewis St, steps to everything Riverside has to offer! Stunning top-to-bottom renovation, with high ceiling heights, and an abundance of natural light throughout. Entertain in style in your custom kitchen and spacious open main floor. Or relax in the above ground family room. Through 2 walkouts, enjoy a sun-soaked terrace and BBQ area, as well a large maintenance-free backyard. On the 2nd floor, there are two perfect size bedrooms, with generous closet space. And wow, also a 1-bedroom basement apartment with high ceilings, and its own separate entrance. This duplex is just steps to Queen St, the streetcar, and comes with 4 car parking at rear.
Basement Apartment Income
The basement apartment is currently rented to tenants at $1,675.00 per month plus utilities. They pay 1/3 of the total utilities. The tenants may be willing to stay, or vacant possession of the basement apartment could be available as soon as June 30, 2020. They have not yet been issued a rent increase. They do not have access to the backyard, or the 4-car parking pad off the laneway. The tenants rent their own street parking via a city permit for approximately $30 a year.
Additional Parking Income
Given there are 4 parking spots in the laneway for 47 Lewis St, the owners currently rent out 2 of the spots for an extra $150 additional income to a store on Queen St, on a month-to-month basis. No need to continue this use if you prefer to keep all 4 spots.
Home Inspection Report
Riverside is a great example of a neighbourhood that has drawn on its history as the impetus for a new era of prosperity and growth. This ‘everything old is new again’ approach has been spearheaded by the Riverside Business Improvement Area. A renewed pride of ownership in the community is evident in the area’s award-winning beautification and revitalization projects that include new pedestrian lighting and façade restorations.
This listing is located in park heaven, with 16 parks and a long list of recreation facilities within a 15 min walk.
Facilities within a 15 min walk
With excellent assigned and local schools close to this listing, your kids will get a great education in the community.
Catchment schools are assigned as the required or preferred schools for this address. Other nearby schools are included based on distance. Click each school for further details.