164 – 166 Albert Street, Gates

Description

Welcome to 164-166 Albert Street — a fantastic side-by-side duplex in the Town of Gates offering flexibility, space, and serious income potential! Each unit features 2 bedrooms, 1.5 baths, and approximately 960 sq. ft., with separate gas and electric meters, private rear patios, and access to a large backyard. A double-wide driveway provides off-street parking for 6+ vehicles — a huge bonus for a multi-family property.

The right-side unit has been recently updated and is move-in ready, featuring newer carpeting (2024), replacement windows (2021), updated kitchen and baths, and newer appliances. Previously rented for $1,550/month, this unit offers immediate potential for an owner-occupant or new tenant. Easily rented very quickly whenever there has been a vacancy. The rental amount in the listing is based on previous verifiable rental amounts.

The left-side unit is occupied by a long-term tenant of approximately 9 years on a month-to-month lease at below-market rent, providing an opportunity for future income growth. This unit has also been freshly painted and features a new water heater (2024).

Whether you’re looking to add a solid property to your investment portfolio or take advantage of an owner-occupant opportunity — live in one side and let the other help pay the mortgage — this property checks a lot of boxes. Rent both units for excellent cash-flow potential or make one your own while building equity.

Conveniently located near expressways, shopping, restaurants, and everyday amenities, 164-166 Albert Street combines location, versatility, and opportunity in one attractive package. Two units. Two patios. Plenty of parking. One smart investment. Delayed showings on Thursday, Aug 20th. Delayed Negotiations on Tuesday, Aug 25th at 10 am.