Welcome to 130A and 130B Gray Street! Whether you are a seasoned investor looking for an asset with an exceptional cap rate and zero deferred maintenance, or an owner-occupier searching for a premium mortgage helper, this property is an absolute standout. Fully renovated inside, top-to-bottom, this legal duplex features a spacious 2-bedroom, 1-bathroom unit on the main level, and a 3-bedroom, 2-bathroom unit spanning the second and third floors. Each unit boasts a brand-new kitchen, modern bathrooms, fresh flooring throughout, bright LED lighting, separate power meters, and dedicated in-suite laundry. The real showstopper is the upper level of Unit 130B, which offers a bonus third-story loft space. Complete with its own kitchenette, bathroom, and separate exterior entrance via a newly constructed deck, this area can easily function as a private primary suite, a guest setup, or a premium bachelor-style space. Located just steps away from local shops, festival grounds, the historic Mermaid Theatre, and public transit, while offering effortless access to Highway 101 for an easy commute. Extensive recent upgrades include a new roof (2023), replaced some exterior cedar shingles, fresh interior/exterior paint, some new vinyl windows, brand-new doors with modern hardware, insulated basement walls and fully upgraded electrical and plumbing systems. There is absolutely nothing left to do but collect premium market rents or move in and let your tenants pay your mortgage! One dedicated parking space is provided for the upper unit, with abundant street parking right outside. Best of all, the entire property is currently vacant, allowing you to hand-select your own tenants and set your own rental rates from day one. Properties with this level of cash-flow flexibility and finish execution rarely hit the market—book your viewing today!