Home Details for 987 Harcourt Avenue

Exceptional investment opportunity this well-maintained fourplex delivers commercial-level income performance while retaining the advantages of residential financing and management simplicity. The property features two spacious 3-bedroom, 1.5-bath units, one unit currently configured as a 1-bedroom with approved plans to convert to a 2-bedroom, 2-bath (excellent value-add potential), and a fourth 1-bedroom, 1-bath unit. Notably, two of the units were newly constructed in 2025, offering modern finishes and reduced maintenance concerns. Each unit is equipped with in-unit laundry, enhancing tenant appeal and retention. Recent capital improvements include a new electrical panel, upgraded main service, new water main, and a newly completed driveway with six off-street parking spaces. What truly sets this asset apart is its ability to generate income comparable to a commercial property, while benefiting from residential lending flexibility, broader buyer demand, and fewer operational complexities. This makes it an ideal acquisition for both seasoned investors and those looking to scale into higher-performing assets without taking on traditional commercial risk.

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