Size
-
Lot size
634.34 sqm
Street frontage
S
Possession
Flexible
Price per sqm
$1,688 - $2,415
Taxes
$8,929 (2024)
Parking Type
-
Style
2-Storey
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Description
Discover a unique investment opportunity with this well-maintained legal non-conforming 7-plex, boasting a history of steady occupancy and satisfied residents. Currently, all tenants are aged 55+, fostering a peaceful and mature community. Each unit is rented on a month-to-month basis. This property has return on investment with a projected rental income of $82,596 per year and current expenses of $23,033.54 (2023). Conveniently, it offers seven parking spots and an outbuilding for additional storage, catering to tenant needs. Two units are intentionally kept vacant, offering immediate potential for new tenants or renovation. Owned by the same individual since 1998, the building has been meticulously cared for and upgraded over the years. Detailed floor plans, a comprehensive list of upgrades, and a breakdown of expenses and rents are available upon request. Don't miss out on this rare opportunity to own a multi-family property in a desirable location.
EXTRAS:
EXTRAS:
Broker: RE/MAX HALLMARK FIRST GROUP REALTY LTD.
MLS®#: X9039453
Property details
Parking:
7
Parking type:
-
Property type:
Multiplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
325-465 sqm
Lot front:
24.69 M
Lot depth:
25.6 M
Listed on:
Jul 16, 2024
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Instant estimate:
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$60,752
lower than listed pricei
High
$770,778
Mid
$724,248
Low
$704,546