351 HOFFMAN Street

About this home.

An exceptional opportunity to purchase a well maintained, professionally managed purpose built sixplex on a large lot with Res-6 zoning. The property features six 1 bedroom apartments, with an average rent of $997. Tenants pay their own hydro. Landlord pays for gas and water. Recent upgrades include: Boiler (2015), Driveway and Roof (2022). There is significant upside potential on the rents along with the potential to intensify the site with additional units. (id:59491)

The full record.

How this listing prices against Forest Hill.

Forest Hill recorded 7 sales and 36 active listings, so supply is considerably higher than recent deal flow. The average price was $651,786, below the city average, and homes sold in 16 days, but at just 95.14 percent of list, showing that buyers still had leverage on price. This is a neighbourhood where homes can move fairly quickly when priced right, but sellers are not commanding full ask. Overall conditions look mixed, with decent activity but soft negotiating outcomes.

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