Property Description

This centrally located City Park West fourplex offers two studio units and two one-bedroom units, combining classic character with meaningful upgrades where it counts.Both studio units have been fully renovated with modern finishes, including updated kitchens, bathrooms, flooring, and windows. Major system improvements in the building include full gas line replacements (2023), new basement drain systems serving the lower units (2025), a newer roof (2020), newer hot water heaters (2022), and an updated interior stairwell (2025).Unit #3 (one-bedroom) is currently vacant, creating flexibility for an owner-occupant or a new tenant at market rent. This unit features a private balcony, a professionally remodeled bathroom (2024), new dishwasher, and fresh paint (2026), with additional upside available through further cosmetic updates. Unit #1 is occupied by long-term tenants, offering stability in the current income stream and an opportunity for future rent growth.The property includes shared laundry and storage in the basement, a fully fenced backyard with irrigation, and four dedicated off-street parking spaces accessed via the alley.Positioned just one block from three major hospitals, four blocks from a dense mix of restaurants and amenities, and under a mile to downtown and both City Park and Cheesman Park, the location continues to support strong and consistent rental demand.A well-maintained asset with key improvements already completed, offering both stable income with future upside.

Property Features

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