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About this home
This property checks all the boxes. Are you a parent looking to house your son or daughter at Queens—want to have it paid for? Then this property is for you. Or are you a savvy investor that just wants great returns and a solid investment—we have you covered! Don't be deceived by its modest exterior—423 Palace Road is a fully furnished, turn-key, high performing investment. This property is larger than it looks due to a large addition at the rear. Discover 423 Palace Road—an exceptional, well-maintained legal 3-unit property in the heart of the City. With two 2-bedroom units, one 1-bedroom unit, and close proximity to Queen's University, hospitals, and public transit, it appeals to mature tenants and professionals. Standout features include a 100-gallon owned solar hot water heater, energy-efficient vinyl windows, and upgraded insulation for reduced operational costs. Offering an attractive income stream and with a sought after short-term rental rating, it's ideal for long-term tenants and Airbnb ventures. Don't miss this opportunity with a 7.07% CAP Rate, a projected 6.71% ROI. and with 0% vacancy and fully leased until 2025.
Facts & features
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Rooms
17 rooms · 3 bathrooms
- Bedroom11′7″ × 19′10″230 sq.ft.
- Bedroom15′ × 11′1″166 sq.ft.
- Kitchen11′5″ × 9′10″112 sq.ft.
- Living room14′8″ × 10′8″156 sq.ft.
- Dining room1′9″ × 15′4″27 sq.ft.
- Bathroom—
- Bedroom11′4″ × 16′4″185 sq.ft.
- Living room11′5″ × 16′4″187 sq.ft.
- Other11′8″ × 13′9″161 sq.ft.
- Bathroom—
- Bedroom13′2″ × 9′2″120 sq.ft.
- Bedroom11′2″ × 19′4″216 sq.ft.
- Living room13′9″ × 14′193 sq.ft.
- Kitchen10′10″ × 10′1″109 sq.ft.
- Bathroom5′4″ × 6′8″36 sq.ft.
- Laundry5′6″ × 8′6″47 sq.ft.
- Foyer7′4″ × 9′6″70 sq.ft.
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