Size
-
Lot size
1006.88 sqm
Street frontage
N
Possession
FLEXIBLE
Price per sqm
-
Taxes
$38,352 (2023)
Parking Type
-
Style
2-Storey
See what's nearby
Description
Rare Opportunity! Own a Prime Downtown 17-Unit Apartment Building in AAA Location. This purpose-built building is situated on the corner of Barton Street and Talbot Street, offering convenience and visibility. With 17 spacious (1) bedroom units, this property presents an excellent investment opportunity.Current Gross rents total $272,855.00 / year with lots of potential to add value and possible 18th unit.Extensive renovations have been completed on 14 of the 17 units, ensuring modern and attractive living spaces. The upgrades include new kitchens featuring elegant quartz counters and top-of-the-line stainless steel appliances. Each unit is equipped with in-suite stackable laundry facilities, providing added convenience for tenants. The flooring has been replaced, enhancing the overall aesthetic appeal. The bathrooms have also been updated with stylish vanities and subway tile glass showers.Not only has the interior of the building received attention, but significant improvements have been made to the infrastructure as well. A new membrane roof was installed in 2023, ensuring durability and protection from the elements. In addition, a new front intercom system was installed in 2024, enhancing security and convenience for residents. Parking is always a valuable asset in busy downtown areas, and this building offers a total of 16 parking spots. Six parking spots are conveniently located in the front of the building, while the remaining ten are situated in the back. Note all units have separate hydro meters.
EXTRAS:
EXTRAS:
Broker: SUTTON GROUP - SELECT REALTY
MLS®#: X9234738
Property details
Parking:
16
Parking type:
-
Property type:
Multiplex
Heating type:
Water
Style:
2-Storey
MLS Size:
+465 sqm
Lot front:
39.62 M
Lot depth:
25.3 M
Listed on:
Aug 2, 2024
Show all details
Instant estimate:
orto view instant estimate
$566,677
higher than listed pricei
High
$4,753,642
Mid
$4,466,677
Low
$4,345,167