This unique complex sits on almost one acre of land. 35 suite apartment complex comprises if 14x1 bedroom units 121x2 bedrooms units. Large suite sizes. Upper units all have balconies main floor units have walkout patios. Torch on membrane roof replaced in 2014. Hot water heating system. Hot water tank replaced in 2017. New intercom system. All electrical breakers in units replaced in 2021. 31 of the 35 units have been upgraded in the last 5 years. All units have full size fridge and stove, some have dishwashers, all balconies surfaces have been upgraded, back of the building converted to extra parking lot leased for 10 years @ 1200/month. Excellent area new complex constructed just across the building. Close to Northgate mall and Yellowhead Highway 16. Owner managed. Gross annual income of over $387,780. cap rate 5%. (8687031)
Property Type
Multi-family
Neighbourhood Name
Lauderdale
Time on REALTOR.ca
971 days
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