Address not available

Address not available
Address not available
Address not available
+5
8
 bed
8
 bath
10
 parking
6556
 sqft
Multiplex
* This unit size is calculated from property.ca data
$1,695,000
Instant Estimate Not Available
For Sale
299 days
 on site
$1,695,000
Instant Estimate Not Available
* This unit size is calculated from property.ca data
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Size
6556 sqft
Lot size
1 sqft
Street frontage
-
Possession
-
Price per sqft
$259
Taxes
$6,023.62 (2024)
Parking Type
-
Style
Other
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Description
Multi Residential investment opportunity with 10 unit 2-storey apartment (8 are registered with the municipality), producing a net income of $73,785.94 (8 units). All units are one bedroom and all current rents are inclusive of utilities, but future possibility to reduce expenses and increase NOI as separate hydro meters have been installed, but not yet connected. Property contains 3 septic beds and 1 drilled well. Building being sold "as is where is" with no seller representations and warranties. Seller estimated approximately $70,000 in additional capital investment for final occupancy and completion. Good potential for increased cap rate, NOI and returns for a handy person willing to take on the project.
Broker: Sutton Group Incentive Realty Inc. Brokerage
MLS®#: 40609857
Property details
Parking:
10
Parking type:
-
Property type:
Multiplex
Heating type:
Baseboard,
Style:
Other
MLS Size:
6556 sqft
Lot front:
297 Ft
Listed on:
Jun 21, 2024
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Instant estimate:
Not Available

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About Address not available

Located at Address Not Available, this multiplex is available for sale. Address Not Available has an asking price of $1695000, and has been on the market since June 2024. This 6556 sqft multiplex has 8 beds and 8 bathrooms.

Groceries can be found at Foodland which is a 21-minute walk and you'll find Stone O E Dr only a 12 minute walk as well.

Getting around the area will require a vehicle, as the nearest transit stop is a Bus Stop (36 Coldwater Rd) and is only a 17 minute walk

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