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8 + 3
BEDROOMS6
BATHROOMS5
KITCHENS21
ROOMSX9240694
MLSIDContact Us
Property Description
MONEY MAKER! Legal Five-Unit Property FULLY LEASED! Consisting Of Four Two-Bedroom Units And One Large Three-Bedroom Unit. Each Unit Has One Bath, Kitchen, And Its Own Private Laundry. Meticulously Updated. All Units Are Large In Size And Each Has Its Own Hydro Meter And Separate Entrance. Located In An Excellent Rental Area. Annual Income Projected At $95,340 Per Year. Unit #1 Rented At $1,550 + Hydro, Unit #2 Rented At $1,500 + Hydro, Unit #3 Rented At $1,300 + Hydro, Unit #4 Rented At $1,600 + Hydro, Unit #5 Rented At $1,900 + Hydro. Cap Rate Of 6.9%. An Amazing Investment Opportunity With All Units Currently Tenanted At Market Rents. Annual Income $94,200. The Buyer And The Buyer's Agent Are Responsible For Verifying All Income And Expenses.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-07 | 2024-08-06 | 60 | $999,800 | - | Terminated |
| 2017-05-18 | 2017-06-08 | 24 | $449,000 | $438,000 | Sold |
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Property Details
Street
Community
City
Property Type
Multiplex, 2-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
39' x 108'
Acreage
< .50
Lot Irregularities
129.91ft x 32.00ft x 108.26ft x 39.94ft
Fronting
South
Taxes
$6,012 (2024)
Basement
Part Bsmt
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Driveway
None
Garage Type
None
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Listing contracted with Rock Star Real Estate Inc.
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Purpose built all brick 6 unit apartment building with a metal roof. 3 storey walk up consists of 5 spacious 2-bedroom units and a 1-bedroom apartment. Laundry room on lower level, coin operated. Separate hydro meters so all rents are plus Hydro. Quiet location in the East end near a school and shopping.Gross income approximately $64,476.00. Huge upside potential on the tents of approximately $47,064.00 which adds about $800,000.00 in value to the property. Income and expenses information available in the documents.
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