BUILD YOUR NEXT INVESTMENT-SIX-UNIT DEVELOPMENT OPPORTUNITY! Offered at $880,000, this partially completed six-plex project presents an opportunity for a builder or investor to take over construction already underway. The purchase includes all architectural plans, engineering plans and reports, building permits and associated project documentation, providing a valuable head start toward the next phase of development.Situated on a generous, exceptionally deep lot, the proposed six-apartment building offers the potential to create a substantial rental property, with ample space at the rear for planned parking. Bring your construction expertise and investment vision to complete the project and realise its potential.Seller welcomes offers. Buyer to verify the status and transferability of permits, required approvals, work completed and remaining construction requirements. (id:28469)
Facts & features
Property
MLS® Number
X14113434
Property Type
Single Family
Community Name
2301 - Blackburn Hamlet
Ownership
Freehold
Building
Basement Features
Apartment In Basement
Basement Type
N/a
Construction Style Attachment
Detached
Cooling Type
Central Air Conditioning, None
Foundation Type
Concrete
Heating Fuel
Natural Gas
Heating Type
Forced Air
Size Interior
1,500 - 2,000 Sqft
Type
House
Parking
Other
—
No Garage
—
Land
Acreage
No
Size Depth
234 Ft
Size Frontage
75 Ft
Size Irregular
75 X 234 Ft
Size Total Text
75 X 234 Ft
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$3,896/mo
Ontario land transfer tax
$14,075 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.