Size
-
Lot size
418.06 sqm
Street frontage
E
Possession
Flexible
Price per sqm
$3,879 - $4,838
Taxes
$4,447.25 (2024)
Parking Type
-
Style
2-Storey
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Description
With Rents On The Rise, Buy-And-Hold Rental Investment Is A Shining Star In Today's Real Estate Market. Once In A Great While, We Find An Income Property Like This One. Owned By The Same Family For Over 40 Years This 6-7 Unit Property Is A Solid Moneymaker. Currently, There Are 4-1 Bedroom Units & 2 Bachelors. The 7th Is Currently The Owner's Office And Could Be Rented As A Studio/Room At $800/Month. All Units Have Separate/Private Entrances (No Hallways or shared entrances). With A Potential Gross Income Of $96,000 The Property Nets Approximately $72,000 Before Financing With A Cap Of Almost 9%. The Property Is In Excellent Condition, With All Wiring and plumbing updated. 2 Units Are Newly Refreshed, and 1 has just been renovated. Mostly at market rents and with increases possible on turnovers. Great tenants who are all working folks or retirees. Very clean, well-kept property, creating worry-free cash flow.
EXTRAS:
EXTRAS:
Broker: ROYAL LEPAGE PROALLIANCE REALTY
MLS®#: X8369506
Property details
Parking:
4
Parking type:
-
Property type:
Multiplex
Heating type:
Baseboard
Style:
2-Storey
MLS Size:
186-232 sqm
Lot front:
10.97 M
Lot depth:
38.71 M
Listed on:
May 25, 2024
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