457 Robie Street

Description

Welcome to 457 Robie Street — a solid, extensively updated fourplex offering great income and future upside. This well-maintained property features three one-bedroom apartments and one two-bedroom apartment. Each unit has its own dedicated heat source. Two of the three furnaces were replaced in March/April 2025, and the two oil tanks were replaced in 2022, offering peace of mind for years to come. The building has seen significant capital improvements, including new vinyl siding and all new windows installed in July 2025, enhancing both curb appeal and energy efficiency. An onsite coin-operated laundry facility, added on the main floor in November 2025, provides additional income and convenience for tenants. The common areas have also been refreshed with new paint, flooring, and modern light fixtures, creating a clean and updated feel throughout. Three of the four units have been renovated with new kitchens, updated doors, contemporary light fixtures, fresh paint, and some new flooring. Two of these units also feature new fridges and stoves. The fourth unit has been occupied by a reliable long-term tenant for 12 years and, while currently below market rent, offers future rental upside. This unit has also had a ductless heat pump installed in August 2025. Utilities are presently paid by the owner; however, each unit is individually metered, providing the opportunity for a new owner to transition tenants to paying their own electricity and further improve net operating income. Three of the four units are currently rented at market rates. Situated on a generously sized lot, the property offers ample space at the rear for additional parking or potential development of an additional dwelling (subject to planning approval). With extensive updates already completed, mechanical and electrical improvements in place, strong in-place rental income, and clear potential for further growth, 457 Robie Street presents an excellent turnkey investment opportunity.