Solid investment opportunity for the savvy investor! Priced at 6.4 cap with present-day NOI (current appraisal on file). Room to grow top line revenue on turnover (14 of 20 units remain rented under market rates). Consists of 2 buildings each with 10 units (7 x 2-bedrooms and 3 x 1-bedrooms) for a total of 20 units. Individual units registered as condos (but not operated as such), which opens interesting options for future exit strategies for the experienced investor. All units are individually metered for both heat (natural gas), hydro and equipped with A/C units. Low maintenance units with ceramic and laminate flooring throughout. Interior storage units available for each unit and plenty of parking. Built in 2015. Meticulously managed property by owner operators with pride of ownership. (id:47423)
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Detailed Information
Lot
255.67 x 254.83 ft
Listing Contract Date
2024-09-18
Management Company
Self Managed -
Municipal ID
697680001
Ownership Type
Condominium/Strata
# of Parking Spaces
40
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
RV2-10
Building
Constructed Date
2015
Cooling Type
Central air conditioning
Exterior Finish
Stone, Vinyl
Foundation Type
Poured Concrete
Heating Fuel
Natural gas, Other
Heating Type
Forced air, Hot water radiator heat
Stories Total
3
Utility Water
Municipal water
Land
Total Size
255.63 ft X 254.84 ft
Sewer
Septic System
Size of Irregular Land
255.63 ft X 254.84 ft
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