Size
-
Lot size
8226.75 sqm
Street frontage
-
Possession
-
Price per sqm
$1,770
Taxes
$5,100 (2024)
Parking Type
Detached Garage
Style
-
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Description
Exceptional opportunity for an investor looking to grow their portfolio with a cash positive investment. This Turn-Key property is located minutes from the 401, U.S. Bridge and Hwy. 416. Originally a motel, this commercially-built property was converted t a 7-Unit Residential Apartment Complex in the late 90's Preliminary approval in place for storage rental spaces. Upgraded septic and two wells service the property. Mechanical upgrades in the past 7 years include boiler systems, metal shingles and high efficiency propane furnaces in the last 7 years. Owner occupied unit will be vacant upon closing. Main building consists of 1-3 bedroom, 4-2 bedroom, 2-1 bedroom, detached garage and separate laundry. 3 of the 2 bedroom units have 2 baths, all other units have one bath. Plenty of parking and outdoor space for each tenant.
Broker: Re/Max Hallmark First Group Realty Ltd. Brokerage
MLS®#: 40641111
Property details
Parking:
16
Parking type:
Detached Garage
Property type:
Multiplex
Heating type:
Forced Air
Style:
-
MLS Size:
649 sqm
Lot front:
83.52 M
Lot depth:
98.15 M
Listed on:
Sep 9, 2024
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Instant estimate:
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