248 Somerset Ave

Taxes: $4,786 (2025)

About this home

This home is the perfect opportunity for an owner-occupant looking to offset their mortgage while building long-term equity. Close to all amenities and directly across from a park, this well-maintained 2-family offers both convenience and strong income potential.The property features 5 bedrooms and 2 full bathrooms. Unit 1 is currently vacant and was recently rented for $2,500/month, making it ideal for an owner to move right in or secure a new tenant at market rent. Unit 2 is leased through April 2027, generating $2,250/month for half the year and $2,100/month for the remaining months, providing stable, long-term income.Recent updates include a newly renovated deck (2024) and a new furnace (2022). The basement offers 9 feet ceilings, making it perfect for storage or potential future living space expansion.Whether you’re looking to live in one unit and rent the other or just add to your real estate portfolio, this is a rare opportunity in a sought after area and priced to sell!

Property details

Road type

Public

Basement

Partial, Unfinished Basement