3207 sqft
Fully Air Conditioned
$1,250,000
RENOVATED FOURPLEX on DOUBLE LOT with NEW EVERYTHING. Market Rents with 6% Cap-Rate. Tenants pay Heat, Hydro & Water. NEW Interiors, Electrical, Plumbing, Heating, & Kitchens, Flooring, Appliances (including washers and dryers). Approx $300k in upgrades. Turnovers would simply be a clean and fresh paint. All units re-rented to highly vetted tenants with no legacy tenants. Introducing a prime investment opportunity located at the corner of Mary and Peel: a brick 4-plex boasting an extra-large lot for potential expansion. While it may not be suitable for severance, there's room for growth, possibly transforming it into a 7-plex (survey copy available). Don't miss out on this investment opportunity with potential for growth and increased profitability. **** EXTRAS **** Located in a well-established neighborhood, residents benefit from proximity to local amenities such as shops, restaurants, and parks, fostering a convenient and comfortable lifestyle. (id:27910)
Business
Business Type
|
Residential |
Business Sub Type
|
Apartments |
Property Details
MLS® Number
|
X8202560 |
Property Type
|
Multi-family |
Building
Cooling Type
|
Fully Air Conditioned |
Size Interior
|
3207 Sqft |
Type
|
Multi-family |
Utility Water
|
Municipal Water |
Land
Acreage
|
No |
Size Irregular
|
Unit=92 X 64 Ft |
Size Total Text
|
Unit=92 X 64 Ft |