706 Dunlop Street W

Nestled in the heart of Downtown Whitby, this charming Multi-Family Home for sale in Whitby at 706 Dunlop Street W, Whitby, presents an exceptional opportunity for savvy investors. With its prime location and robust rental potential, this brick legal triplex is not just a property; it's a stable investment in a thriving community. Imagine being just a short stroll away from local amenities while enjoying the comfort of a well-maintained home.

This impressive building, styled as a 2 1/2 storey multiplex, boasts a total of 16 rooms, including six spacious bedrooms and three bathrooms. Each of the three renovated units features two bedrooms, providing ample space for tenants. Two of these units come with large balconies, perfect for enjoying the fresh air and the lovely views of the surrounding area. If you're looking for a Multi-Family Home for sale in Whitby, this property ticks all the right boxes.

One of the standout features of this Multi-Family Home for sale in Whitby is the recent upgrades that enhance its appeal. The gas boiler furnace was replaced in 2023, ensuring that heating is both efficient and reliable. Tenants will appreciate the convenience of having separate meters for hydro, allowing them to manage their own electricity costs. The landlord covers heating, snow removal, water, building insurance, and taxes, making it a hassle-free investment for anyone looking to enter the rental market.

In terms of amenities, this property is equipped with coin-operated washer and dryer facilities, which are owned by the landlord, providing an additional income stream. There are also three hot water tanks, which are rented out, with tenants responsible for the rental fees. This setup not only maximises the rental income but also ensures that tenants have access to essential services without burdening the landlord with additional costs.

The lot size is a generous 50 x 114 feet, providing plenty of outdoor space for tenants to enjoy. Although there is no pool or garage, the private driveway accommodates up to five parking spaces, which is a significant advantage in a bustling area like Downtown Whitby. The absence of a central vacuum system and air conditioning may seem like drawbacks, but the property’s charm and functionality more than compensate for these missing features.

As for the basement, it serves various purposes, providing additional storage options for tenants. The property is unfurnished, allowing new owners to customise it to their liking or leave it as is for future tenants. The security system adds an extra layer of safety, ensuring peace of mind for both the landlord and tenants.

With a gross income of £59,300 and expenses amounting to £18,660, the net income stands at a robust £40,640. This financial performance highlights the strong rental potential of this Multi-Family Home for sale in Whitby. The location in Durham, with its proximity to amenities and the vibrant community atmosphere, makes it an attractive option for renters.

In conclusion, 706 Dunlop Street W, Whitby, is more than just a house; it's a promising investment opportunity in a desirable area. With its solid rental history, well-maintained features, and strategic location, this Multi-Family Home for sale in Whitby is ideal for anyone looking to invest in the property market. Don’t miss out on the chance to own a piece of this thriving community—schedule a viewing today and see for yourself the potential that awaits!

Downtown Whitby is a charming and vibrant area that beautifully blends historic character with modern amenities, making it an appealing choice for prospective residents. Nestled along the picturesque shores of Lake Ontario, this community boasts a delightful mix of quaint shops, trendy cafes, and local restaurants, all set against a backdrop of beautifully preserved heritage buildings. With its tree-lined streets and inviting public spaces, Downtown Whitby fosters a strong sense of connection among residents while offering easy access to parks, cultural attractions, and recreational activities. The area is well-served by public transport and is conveniently located near major roadways, ensuring that both the tranquillity of suburban life and the excitement of urban living are within easy reach.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within just 0.4 km, West Lynde Public School offers elementary education from Junior Kindergarten to Grade 8 under the Durham District School Board, while Henry Street High School, located 0.5 km away, serves secondary students in Grades 9 to 12. Additionally, St. Marguerite d'Youville Catholic School, a highly-rated elementary institution with a score of 4.3, is only 0.5 km from the property, providing a strong Catholic education option. For those seeking French-language instruction, Julie Payette Public School and St. John the Evangelist Catholic School are nearby, offering elementary education in French. Secondary education options include Donald A Wilson Secondary School and All Saints Catholic Secondary School, with the latter boasting a commendable rating of 7.2. Furthermore, Father Leo J. Austin Catholic Secondary School, located 4.1 km away, caters to Grades 9 and 10. Overall, the variety of schools within close proximity ensures that families have access to quality education in both English and French, catering to diverse educational preferences.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 441 residents, with an average household size of 1.8. The community has a median age of 42.1 years and an average household income of $62,800. Notably, 17.5% of the population falls below the low-income threshold. The real estate market reflects a high average property price of $760,000, indicating a potentially affluent neighborhood. A significant portion of the population, 55.26%, is single, while 31.82% of households include children, suggesting a diverse family structure. The area has a notable immigrant presence, comprising 14.29% of the population. Renters dominate the housing landscape, making up 86.96% of residents, and there are no condominiums available. Education levels are relatively high, with 43.06% of residents holding a college or university degree. However, a considerable 41.67% of the population is not actively participating in the labor force. This demographic snapshot indicates a community with a mix of young professionals, families, and a significant number of renters, reflecting both economic challenges and educational aspirations.