Unique, character, multi suite 1 1/2 story house on 25 foot lot close to city center with 7 self contained bachelor suites. Each suite has its own bathroom and kitchen with fridge, hotplate, and microwave. Wood or laminate and linoleum in all suites; no carpets. New roof and boiler in 2009. New hot water tank 2019. Sewer line to city replaced in 2011. New panel with 100 amp service in 2019. Hard wired smoke/CO2 detectors, fire extinguishers, fire rated drywall installed in basement mechanical room and hall. Gross rents $52000, net $35,000, 7% cap rate on asking price. Traditional financing not available for this type of property. Seller will carry a mortgage for up to 3 years with 25% down. Illegal non conforming units.Realtor has an interest in the property. (5540049)
Property Type
Multi-family
Building Type
Multi-Family
Subdivision Name
Mount Pleasant
Land Size
278 m2|0-4,050 sqft
Annual Property Taxes
$2,781 (CAD)
Time on REALTOR.ca
1053 days
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