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8 + 3
BEDROOMS6
BATHROOMS4 + 2
KITCHENS16 + 7
ROOMSE5510276
MLSIDContact Us
Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-02-22 | 2022-02-25 | 3 | $1,850,000 | $1,850,000 | Sold |
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Property Description
* Solid Legal 5 Plex (Operating As A 6 Plex) On This Massive 0.75 Acre Lot * Potential To Build Another Building At The Back (Buyer To Do Own Due Diligence) * Rents Are Below Market Value - Potential To Improve * 6 Hydro Meters * 6 Hot Water Tanks * Gas Furnace * 2 Units Completely Renovated * Entire Building Very Well Managed And Maintained * Gross Annual Income $79,985 Plus Approx $2000 In Laundry. Expenses $30,823 * 5X2 Br Units & 1X1 Br Unit
Extras
* Two Sheds With Hydro * All Existing Kitchen Appliances, Light Fixtures (Not Belonging To The Tenants) * Coin Operated Laundry * See Attachments For Financials, Floor Plans, & Recent Upgrades * See Virtual Tour For More Pictures & 3D Tour.
Nearby Intersections
Glen & Wentworth (17)
Property Features
Public Transit, Ravine, School
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Property Details
Street
Community
City
Property Type
Multiplex, 2-Storey
Lot Size
75' x 321'
Lot Irregularities
Irregular
Fronting
West
Taxes
$9,890 (2021)
Basement
Apartment, Finished
Exterior
Stucco/Plaster
Heat Type
Water
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
9
Driveway
Private
Garage Type
None
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Updated 6-Unit Multi-Plex with Attractive Below-Market Rents a fantastic investment opportunity .Looking for a great property management opportunity This property offers an array of compelling features that make it a standout investment in todays investment market. Updated and, Excellent Cash Flow Potential, Prime Location, Low Vacancy Rate. This 6-unit property presents an |exceptional opportunity for investors looking to add to their portfolio or start their real estate |investment journey. With its many updates, below-market rents, it combines financial stability with |potential for growth. Take advantage of the low-maintenance and stable income that this investment property offers. Don't miss the chance to own a Gem in todays multi residential market.
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