$999,900
PRICE
5
BEDROOMS
4
BATHROOMS
X12379765
MLSID
55 Douglas Avenue, New Edinburgh - Lindenlea
Don't wait to buy real estate, Buy real estate and wait!! This couldn't be more true for this fourplex in an incredible area. Boasting a 4.9% Cap Rate, this 4plex is cash flow positive with 20% down! Start making money today!! In the heart of New Edinburgh and situated on a 40x100 lot, there has never been a vacancy. The 4 units consist of one bachelor unit, two 1-bedroom units and one 2 bedroom unit. Loads of potential for upswing as rents are below market value. Fire retrofitted, plenty of parking, lush backyard, balconies and front deck. Furnace 2025. Must be seen!!
Summary
Address
55 Douglas Avenue
Community
Street
MLSID
X12379765
Property Type
Fourplex
Property Category
Bedrooms
5
Bathrooms
4
Kitchens
4
Taxes (Annual)
$8,238.00
Tax Year
2025
Published
September 4, 2025
Days on Market
70 Days
Possession Type
Flexible
Possession Details
Flexible
Inclusions
4 Refrigerators, 4 Stoves
Details
Basement
Unfinished
Interior Features
Other
Parking Spaces
4
Parking Total
4
Architectural Style
2-Storey
Roof
Asphalt Shingle
Construction Materials
Vinyl Siding
Lot Size
4,000
Lot Width
40 Feet
Lot Depth
100 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with RE/MAX HALLMARK REALTY GROUP