1270 Yates Street, Fernwood Victoria

Description

Situated in a vibrant, character-rich neighbourhood, this distinguished heritage property offers a rare investment opportunity combining timeless architecture with strong income potential. The stately exterior showcases ornate woodwork, expansive windows, grand columns, and a welcoming wrap-around veranda, creating exceptional curb appeal and a lasting first impression. Inside, the property has been legally configured into ten unique rental suites. Units feature impressive ceiling heights along with restored hardwood flooring, classic moldings, and charming fireplaces. These elements create an elevated living experience that continues to attract quality tenants seeking both character and comfort. The property delivers strong, reliable performance, generating approximately $18,000 per month in rental income. Ideally located with a walk score of 73 and transit at your doorstep! Enjoy the immediate benefit of 8 reliable tenancies already in place. (id:39198)