$81,000 in Rental Income. Market Rents with 7% Cap-Rate. RENOVATED FOURPLEX on DOUBLE LOT with TONS of UPDATES. Tenants pay Heat, Hydro & Water. UPDATED 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 . Don't miss out on this investment opportunity with potential for growth and increased profitability. (id:47423)
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Detailed Information
Lot
92 x 64 ft
Amenities Nearby
Schools
Listing Contract Date
2024-08-19
Location Description
Corner of Mary and Peel
Ownership Type
Freehold
# of Parking Spaces
8
Property Type
Office
Transaction Type
For sale
Zoning Description
rc
Building
Basement Type
Full
Exterior Finish
Brick
Foundation Type
Block
Stories Total
2
Size (Exterior)
3207
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Amenities
Schools
Sewer
Municipal sewage system
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