Strategic Investment Opportunity – High-Potential Fourplex-- Each unit is so large it could be converted into 8 units. This income-producing fourplex, ideally located in the heart of Sydney, presents an exceptional opportunity for investors seeking both immediate cash flow and long-term upside. The property currently generates $2,000 per month from two tenanted units, with utilities included. The remaining two main-level units are vacant, offering immediate potential to increase income through new leases or renovation. Oversized apartments could easily be converted from 4 units to 8 units. Each of the four units is generously sized, and one has already undergone partial renovations. The layout and scale of the building present a rare opportunity to convert the existing four units into eight , significantly boosting rental revenue. Major systems have been updated, including a fiberglass oil tank, furnace, and roof—each approximately 10 years old. The building is heated with oil hot water, several windows have been upgraded, and there is a full basement with partial ceiling height for additional storage or utility use. Each unit has a separate electric panel and the tenant could be paying their own electrical. Five meters including one house meter. The property is ideally situated near downtown Sydney, with easy access to public transit, parks, shopping, and the university—making it highly attractive to both student and professional tenants. Whether you're a seasoned investor looking to reposition and scale an asset, or entering the market with a property that offers strong fundamentals, this fourplex delivers on location, size, and future potential. It's a rare opportunity to acquire a well-located, high-upside building in one of Sydney’s most desirable areas for rentals
Dorchester to Glebe
Listing Sub-Area:
201-Sydney
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Building Dimenions:
..
Lot Size:
5,358 sq. ft.498 m2
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
2
Year built:
1915
(Age: 110)
Age:
110
Exterior Finish:
Aluminium Siding
Foundation:
Concrete
Basement:
Full, Undeveloped
Floor Finish:
Carpet, Laminate, Tile
Roof:
Other
Heating:
Furnace
Fuel:
Oil
Parking:
Yes
Parking Description:
Gravel side drive
Driveway:
Gravel
Water Supply:
Municipal
Sewer:
Municipal
Num Units:
4
Num 3 Bed Units:
4
# Of Fridges:
4
# Of Stoves:
4
Rental Income:
Yes, $2000 per month
4 Fridge 4 Stoves 1 Washer 1 Dryer
Park, Playground, Public Transit, Shopping, Ski Hill, Place of Worship
Data was last updated June 22, 2025 at 09:20 AM (UTC)
Area Statistics
Listings on market:
26
Avg list price:
$302,450
Min list price:
$160,000
Max list price:
$750,000
Avg days on market:
43
Min days on market:
2
Max days on market:
235
These statistics are generated based on the current listing's property type
and located in
201-Sydney. Average values are
derived using median calculations.