A rare opportunity for an excellent investment. Canoe Lofts is a recently extensively renovated student housing complex with 35 leases across 11 units. Showing great income and a waiting list of tenants. Easy walking distance to Algonquin College. Well worth looking into. (id:28469)
Facts & features
Property
MLS® Number
X14159014
Property Type
Multi-family
Community Name
530 - Pembroke
Building
Cooling Type
None
Heating Type
Radiant Heat
Type
Multi-family
Utility Water
Municipal Water
Land
Acreage
No
Size Depth
157 Ft ,2 In
Size Frontage
131 Ft ,9 In
Size Irregular
0.476
Size Total
0.476 Ac
Size Total Text
0.476 Ac
Zoning Description
I-7 Institutional
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
$15,497/mo
Ontario land transfer tax
$73,975 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.