Attention investors - this is the kind of asset you hold long term. Fully renovated and strategically updated, this turn-key triplex sits in a high-demand rental pocket and delivers immediate income with two of the three units already tenanted. Each unit is self-contained with its own private entrance and separate hydro meter - clean, simple, and ideal for strong tenant management and consistent cash flow. Extensive renovations have been completed throughout the property. Unit 3 (Basement) was fully gutted and reimagined. Upgraded vinyl flooring, new doors, trim, and baseboards, a completely renovated kitchen with modern cabinetry and countertops, and a refreshed bathroom with new vanity and tiled shower. The spacious layout was intelligently converted from a 1+den into a true 3-bedroom unit, significantly increasing rental potential. Additional upgrades include a new exterior steel door, new fridge and stove, upgraded electrical with pot lights, and plumbing improvements. Unit 2 features a new washer and dryer, new fridge, tile work, fresh caulking, and updated door trim. Unit 1 has been refreshed with a new tiled kitchen backsplash, paint touch-ups, and updated receptacle covers. Building-wide improvements include rewiring of the electrical panel, full clean-up and debris removal, plus major capital upgrades: high-efficiency gas furnace (2019), new hot water heater and exterior door for Unit 1 (2020), new laminate flooring in Units 1 & 3 and interior doors in Unit 3 (2021), additional kitchen and bath upgrades in Unit 3, laminate flooring and doors in Unit 2, and new windows and roof (2022). Ample rear-lane parking adds further value, with potential for a fourth unit (subject to City approval) creating future upside. Walking distance to shopping, schools, parks, libraries, and transit - exactly what renters look for. This is a clean, upgraded, income-producing property in a proven rental area. Opportunities like this don't sit around.
Choice and nearby schools may not serve this home. Please check the school district website to see all schools serving this home.
0.5km
Lansdowne Public School
Public, JK-8 • Nearby
0.6km
Adult Day School
Public, 9-12 • Nearby
Provided by Local Logic
Lifestyle
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Kitchen
Bathroom
Bedroom
Living
Interior features
Other interior features
Finished basement
Heating & cooling
Electric heating
Baseboard heating
No central cooling
Exterior features
Asphalt roof
West-facing
Home design
Residential income property (triplex)
2-storey building
Parking
Private parking with 6 spaces
Construction
Brick construction
Utilities
Public water
Sale and tax history for 365 Bessie Ave
Sale History
Tax History
Date
Event
Price
TREB #X12859344
Mar 6, 2026
Listed
$515,000
TREB #X11960969
Mar 7, 2026
Delisted
—
Feb 6, 2025
Listed
$515,000
+28
Attention investors! This fully renovated triplex in a high-demand rental area is a fantastic opportunity to own a turn-key income property. Featuring three self-contained units, each with its own separate entrance and hydro meter, this property is perfect for generating strong rental income. Enjoy immediate cash flow with two out of the three units rented. Recent extensive renovations have enhanced every unit. Unit 3 (Basement) underwent a full gut renovation, with new vinyl flooring, doors, trim, and baseboards. The kitchen was fully upgraded with modern cabinets and countertops, and the bathroom was redone with a new vanity and updated shower tiles. A large living space was converted into a third bedroom, transforming the layout from a 1+den to a full 3-bedroom unit. Additional updates include a new exterior steel door, new fridge and stove, upgraded electrical with pot lights, and updated plumbing to resolve leaks. Unit 2 improvements include a new washer and dryer, a new fridge, repaired and replaced tiles, fresh caulking, and new door trim. Unit 1 was refreshed with a new tiled kitchen backsplash, paint touch-ups, and updated receptacle covers. Throughout the building, the electrical panel was rewired, and a full clean-up and junk removal were completed. Other major updates include a high-efficiency gas furnace (2019), new hot water heater and exterior door for Unit 1 (2020), new laminate flooring in Units 1 & 3, interior doors in Unit 3 (2021), kitchen and bathroom upgrades in Unit 3, new laminate flooring and doors in Unit 2, new windows, and a new roof (2022). With ample parking off the back lane and potential for a fourth unit upon City approval, this property is a smart investment. Ideally located within walking distance to shopping, schools, parks, libraries, and transit, this is a prime rental opportunity you don't want to miss!
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Single Family Residential
Region
Parking Spaces
—
Basement
—
Accessible
—
Maintenance Fees
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2025.
Contact listing agent
Nearby similar homes
Sorry, we don't have any nearby similar homes to display. See all homes for sale in Donovan
Details provided by TREB and may not match the public record. Learn more.