391 Suffolk Lane

Key facts

• Property type: Multi-family
• Transaction: For Sale
• Price: $470,000
• Listing key: 29507025

Listing overview

Fantastic investment opportunity just minutes from downtown. This well-maintained triplex offers strong cash flow with an impressive 8.61% cap rate, making it an ideal addition to any investor’s portfolio. The property features three self-contained units. The main floor 2 bedroom is currently rented for class="container" id="details-container",550 + hydro as of July 1st. The upper floor 2 bedroom is currently rented for class="container" id="details-container",399.95 + hydro. The basement one bedroom is rented for class="container" id="details-container",250/month (all-inclusive). Recent updates include a recently redone roof (August 2025), providing peace of mind for years to come. The low-maintenance lot leaves virtually no yard work, making management simple and efficient. Additional features include: parking for two vehicles, three separate hydro meters, walking distance to shops, restaurants, transit, and other amenities near downtown. With a gross annual income of $50,399, this property is alr...