Look no further than this fully renovated seperately metered Three Unit income property in Manor Park works as an ideal seemless compliment to exisiting porfolios or as a fresh and friendly advent into the real estate investing world. This property has been creatively designed to keep all the living space of its units above grade; with all units being renovated and all major elements being replaced or upgraded recently; with bonus storage rented units below grade as an additional income stream. Located just West of Wortley Village and surounded by lovely nature spaces offers an unexpected and welcome disconnect from the intense urban elements. This is perfectly complemented as it is very close access to the high energy major transportaion routes for public transit and near to shopping centres. This fully tenanted property offers an annual income of $55,000 this property is a prime candidate for a cash flowing asset and is a 6.5% Cap Rate at asking. The newly renovated basement space allows for additional income with storage units and features new appliances including two washers and two dryers for usage between the tenants.
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Bathrooms
3
Lot
35 x 98 ft
Total Area
1,441 ft2
Approximate Age
51-99
Air Conditioning
Other
Basement
Y
Chattels
Y
Garage Type
None
Parking Spaces
6
Heat Type
Baseboard
Financial Statement
Y
Hydro Expense
$1,200
Insurance Expense
$1,200
Management Expense
$3,632
Operating Expenses
$9,486
Expenses Actual/Estimated
Est
Area Influences
Public Transit, Rec Centre
Sewers
Sewers
Water
Municipal
Zoning
R1-4
Seller Property Info Statement
Y
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