54 Ritson Road

Rarely offered triplex on an exceptional ravine lot, now offered at an attractive new price! With 70 feet of frontage and a lot depth exceeding 300 feet, backing onto Oshawa Creek, this income-producing property offers privacy, green space, and a setting rarely found in today's market. The building features three self-contained units with separate hydro meters, dedicated storage lockers, private entrances, coin-operated laundry, and parking for approximately 5-6 vehicles. The main and upper units each offer two bedrooms and private balcony space overlooking the expansive backyard, while the lower unit offers a spacious one-bedroom layout. Originally renovated in 2016, the property features updated kitchens, bathrooms, flooring, windows, and mechanical systems. Each unit is equipped with a refrigerator, stove, microwave hood fan, and dishwasher (excluding the lower unit). Additional income is generated through the on-site coin-operated laundry facilities. What truly sets this property apart is the lot itself. Backing onto Oshawa Creek, the property offers a level of privacy and outdoor enjoyment rarely found in income-producing properties. Tenants enjoy access to a massive backyard with room to relax, entertain, garden, and play, all while being surrounded by nature. Two storage sheds are also located at the rear of the property. Conveniently located close to Highway 401, public transit, shopping, parks, schools, and Lake Ontario, this is an exceptional opportunity for investors seeking immediate positive cash flow and long-term upside. Now offered at an attractive new price, this property represents compelling value in today's market. Detailed investment package available, including virtual tour, floor plans, room measurements, operating expenses, and cash flow analysis.

Look no further. Your search for investment property has just ended in this LEGAL TRIPLEX (CITY ZONING AVAILABLE). Nested on a quiet street and located in a prime location with easy access to 401, Costco, shopping, eateries, recreation and transit. ALL 3 UNITS ARE TENANTED. All 3 units are FULL 2 BEDROOM unit, each unit is self-contained with individual kitchen, hot mater tank, bathroom, front and back entrance, providing privacy and comfort for all occupants. Incredible land value. All electricals have been upgraded to breakers with individual new panel in each unit. Basement coin-op laundry provide extra income. Tenants pay own hydro and heat. NO AC. 3 outdoor parking and 3 storage shed included.