Size
-
Lot size
8226.84 sqm
Street frontage
E
Possession
Flexible
Price per sqm
-
Taxes
$5,100 (2024)
Parking Type
Detached Garage
Style
2-Storey
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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 to 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. Units 3, 4 and 5 are 3pce., Units 1, 2, 6 and 7 are 4pce. Plenty of parking and outdoor space for each tenant.
EXTRAS:
EXTRAS:
Broker: RE/MAX HALLMARK FIRST GROUP REALTY LTD. BROKERAGE
MLS®#: X10434131
Property details
Parking:
16
Parking type:
Detached Garage
Property type:
Multiplex
Heating type:
Other
Style:
2-Storey
MLS Size:
+465 sqm
Lot front:
83.52 M
Lot depth:
98.45 M
Listed on:
Nov 20, 2024
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Instant estimate:
orto view instant estimate
$77,622
lower than listed pricei
High
$1,140,210
Mid
$1,071,378
Low
$1,042,233
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