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 realize its potential. Seller welcomes offers. Buyer to verify the status and transferability of permits, required approvals, work completed and remaining construction requirements. (id:28469)
Business
Business Type
Residential
Business Sub Type
Apartments
Facts & features
Property
MLS® Number
X14113418
Property Type
Multi-family
Community Name
2302 - Blackburn Hamlet
Building
Age
New Building
Cooling Type
None
Heating Type
No Heat
Size Exterior
18000 Sqft
Size Interior
18,000 Sqft
Type
Multi-family
Land
Acreage
No
Size Depth
234 Ft
Size Frontage
75 Ft
Size Irregular
Bldg=75 X 234 Ft
Size Total Text
Bldg=75 X 234 Ft
Zoning Description
R2n
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.