Size
18295 sqft
Lot size
1716.85 sqm
Street frontage
E
Possession
-
Price per sqm
$1,118
Taxes
$15,906 (2023)
Parking Type
-
Style
-
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Description
Classic walk up, twelve plex apartment building beckons for your immediate attention! Concrete (cast/block masonry) building. Can not build for list price. Very few come available on MLS in Elmira - maybe one every five or six years.
Take the risk out of this purchase: building comes to you very well documented with a Pinchin Phase I Environmental (2024, clean), Pinchin Building Condition Assessment (2024). Life Safety Systems Update/Certificate (2024).
Opportunity to increase rents significantly over time. Property may qualify for CMHC MLI Select program under the Affordability Criteria – with the best rates and amortizations currently available. Individual electrical meters – tenants pay electricity.
Cap ex: modernized hallways with carpet tile, commercial water heaters (2023), sloped asphalt roof (2017). Building’s back windows (2020), Building’s front windows (2015/2016 approximately). Balcony doors (2019/2020)
Great low density rental area. Good tenant profile. Easy building to add to your existing portfolio. Opportunity abounds! Call your favourite REALTOR today and let’s book a showing.
Broker: Royal LePage Wolle Realty
MLS®#: 40551877
Property details
Parking:
12
Parking type:
-
Property type:
Multiplex
Heating type:
Baseboard,
Style:
-
MLS Size:
595 sqm
Lot front:
40.23 M
Lot depth:
42.67 M
Listed on:
Apr 30, 2024
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