227 Alice Street

Investment Opportunity or Ideal First-Time Home! This affordable 3-bedroom home is situated in a convenient location, just minutes from schools, shopping, and everyday amenities. Whether you're looking to enter the market or expand your investment portfolio, this property offers excellent value and versatility. The main level features a functional layout with an eat-in kitchen, formal dining room, and a bright living room enhanced by charming wood trim and classic French doors. An additional family room provides flexible space and could easily serve as a fourth bedroom, home office, or den. Upstairs, you'll find a modern bathroom recently renovated along with two spacious bedrooms and a third smaller bedroom-perfect for a child's room, guest space, or office. Numerous updates have been completed, including most windows and flooring. Key mechanical upgrades include a natural gas furnace (2019), hot water tank (October 2024), and heat pump (October 2024). Exterior improvements feature updated eavestroughs and downspouts (2024), fresh paint, and new parging. The basement includes new rough-in plumbing, offering the potential to add a future bathroom.The property also includes a paved driveway and a storage shed for added convenience. The laneway leading to the paved driveway is shared. Currently configured as student housing, the home generates rental income with tenants paying $900/month (main floor), and $800, $500, and $450/month for the second-floor rooms. A smart investment with flexibility and upside-don't miss this opportunity! As per Seller direction allow 48 hour irrevocable on offers.