8 Morecambe Avenue

Project Description: This unique residential compound, located just off of Constant Spring Road, offers a phenomenal investment opportunity with versatile options for income generation. The property consists of *five* units being sold en-bloc, including *three* 2-bedroom, 1-bathroom cottages; each with private backyards and front porches. These cottages are suitable for a nursing or independent living facility, with two residents comfortably accommodated in each unit. The two-story building houses *two* 1-bedroom apartments, perfect for management or staff, with convenient proximity to the cottages. All units have undergone cosmetic upgrades, ensuring they are in move-in condition with minimal additional work required. This property also offers significant potential for long-term rental returns. There are no restrictive covenants on the title, allowing for the possibility to subdivide the land and sell units individually for an even higher return. Whether utilized as an independent living facility, long-term rental property, or for resale after subdivision, this multi-unit real estate offering presents a flexible and lucrative opportunity with multiple avenues for maximizing investment potential.
Location: 8 MORECAMBE AVENUE
For more information, contact: Bowerbank Real Estate Company Ltd

Listing Courtesy of: via RAJ IDX feed