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$999,000
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MLS® Number: 1603797

Listing Description

AMAZING INVESTMENT OPPORTUNITY FOR SOLID BRICK-TO-ROOF 3 STORY APARTMENT BUILDING, NEAR MITCHELL PARK ON QUIET STREET & WALKING DISTANCE TO SHOPPING. THIS HIGHLY DESIRED AREA BUILDING FEATURES 11 UNITS (7 TWO-BEDROOMS AND 4 ONE BEDROOMS WITH HARDWOOD FLRG) WITH GREAT TENANTS, AND WITH MUCH MORE POTENTIAL FOR FUTURE HIGHER RENTAL MARKET RENTS. VERY WELL MAINTAINED BUILDING, AND MANY UPGRADED AMENITIES (INCLUDING 7 YEAR OLD ROOF, UPDATED WIRING AND PLUMBING, NEWER HALLWAY FLOORING AND DÉCOR, ETC.). VERY LOW LANDLORD EXPENSES WITH EFF HOT WATER HEATING, AND SEPARATE ELECTRIC METERS FOR EACH UNIT. THIS HUGE CORNER LOT COMPLEX, FEATURES DOUBLE EXTERIOR DOOR ENTRANCES FROM BOTH GILES W & DOUGALL, WITH AMPLE ON-SITE PRKG, AND PROFITABLE LAUNDRY ROOM. HIGH DEMAND AREA AND EXCELLENT UNITS, ENSURES VIRTUALLY NO RENT LOSS VACANCIES, AND CONTINUED REVENUE GROWTH. CALL TO ARRANGE VIEWING (AT LEAST 24 HOURS NOTICE REQUIRED), AND/OR TO RECEIVE FULL ROI REPORT AND DETAILED LIST OF RECENT UPGRADES. (3784859)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Storeys
3
Title
Freehold
Land Size
99 X 98.33
Age Of Building
Older building
Annual Property Taxes
$16,434.73
Parking Type
Open (11), Covered (0)
Time on REALTOR.ca
3214 days

Building

Interior Features
Flooring
Ceramic Tile, Hardwood, Laminate, Tile
Utilities
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Parking Type
Open (11), Covered (0)

Land

Other Property Information
Zoning Description
mlti-res
ALFONSO TESHUBA, B. COMM.(HONS), B. ED