This is a spacious 7-unit building with electric heat! Tenants can pay own heat/lights! Rents are 3x$510, 3x$535 and 625. Property has an extra lot! On bus route, priced below assessed value and shows well! Modified roof, 2 - 3bdrm units, 4 - 2bdrm units, and 1 - 1bdrm unit. Total rental income - $45,120.00, Insurance - $ 3000.00, Water/Sewer - $3500.00, Electricity - $2000.00 and Taxes - $8665.00. Approx. Expenses - $17165.00. Approx. Net Income - $ 27955.00. Good cap rate, this is a solid investment building that is worth a look! (1933323)
Corner of Wentworth and Broad
Property Type
Multi-family
Building Type
Multi-Family
Land Size
8417 SQ FT|under 1 acre
Annual Property Taxes
$8,665 (CAD)
Time on REALTOR.ca
3691 days
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