Size
-
Lot size
808.63 sqm
Street frontage
W
Possession
Immediate
Price per sqm
-
Taxes
$17,000 (2024)
Parking Type
Garage
Style
2-Storey
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Description
A prime investment opportunity, this well-maintained building offers close to 9,000 sq. ft. of rentable space. The main floor, currently vacant and zoned commercial, awaits your vision. The second floor features 9 residential 1 bedroom apartments, each generating $1,180/month in rent plus heat and electric. With a current monthly income of $10,620, the property is occupied by quality tenants, fostering a safe and secure community. Recently rebuilt with engineering and city permits, encapsulating masonry, windows, framing, electrical, plumbing, fire-rated drywall, and insulation. The building also features separate meters and minimal maintenance. This property offers security in a highly attractive cap rate alongside robust cash flow. Priced to sell.
EXTRAS: 5 HOT WATER TANKS, 9 FRIDGES, 9 STOVES, TWO WASHER/TWO DRYER,
EXTRAS: 5 HOT WATER TANKS, 9 FRIDGES, 9 STOVES, TWO WASHER/TWO DRYER,
Broker: RE/MAX REALTRON REALTY INC.
MLS®#: X9233421
Property details
Parking:
9
Parking type:
Garage
Property type:
Multiplex
Heating type:
Baseboard
Style:
2-Storey
MLS Size:
+465 sqm
Lot front:
19.51 M
Lot depth:
41.45 M
Listed on:
Jul 31, 2024
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Instant estimate:
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$74,161
lower than listed pricei
High
$878,789
Mid
$825,739
Low
$803,276
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