QUEENS INVESTMENT PROPERTY - Legal, non-conforming 3 unit building within a 10 minute walk to campus. Unit # 1 (1 bedroom) rents for $750 + hydro(tenant is month-to-month). Unit # 2 rents for $1,315 inclusive. This is 3 bedrooms with a shared common kitchen and bathroom (2 rooms are currently vacant, other tenant is month-to-month). Unit # 3 (1 bedroom plus den) recently renovated and is Leased until April 30, 2017 for $875 + hydro to 3rd year Queens student. Owner pays for heat, water/sewer and hydro on all units except Unit # 1 and Unit # 3 where tenant pays hydro as indicated (approximately $35/month). 2 parking spots available. All windows have been replaced. Roof is less than a year old. Newer gas furnace. Conversion of Units # 1 and # 2 could create a possible 5 bedroom unit that could rent for approximately $2500 plus hydro. Cap rate is approximately 7.8%. (362696393)
Corner of Division and York Street.
Property Type
Single Family
Land Size
16.57 X 37'|1/2 - 1 acre
Age Of Building
Age is unknown
Annual Property Taxes
$3,401 (CAD)
Time on REALTOR.ca
3206 days
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