Welcome to this wonderfully designed LEGAL SDU home that maximizes your returns at a 6.7% CAP when self-managed. Each unit has 4 bedrooms and 3 bathrooms (2 ensuites and 1 shared), as well as laundry, allowing for comfort and convenience for its residents. Not only was the interior fully renovated in 2021 with permits, but the home's main systems were upgraded as well including roof, mechanicals, electrical, plumbing, flooring, windows, and bathrooms, offering a fresh and contemporary feel throughout. Located in Parkway Park, this home provides easy access to transit, trails, parks, major stores, top-rated schools, restaurants, and Algonquin College. This prime location ensures all your needs are met within a short distance. With a gross income of $81,564, and low expenses of $14,535 (utilities, insurance, prop tax and snow removal) for an NOI of $67,029, the investment opportunity at 2300 Elmira is undeniable as it provides some of the best returns you can find in the city. (id:47423)
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Detailed Information
Lot
52 x 0 ft
Lease Type
Gross
Listing Contract Date
2024-07-16
Municipal ID
039550002
# of Parking Spaces
4
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
Residential
Building
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1961
Cooling Type
Central air conditioning
Exterior Finish
Brick, Siding
Flooring Type
Vinyl
Foundation Type
Block
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
1
Type
Duplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Surfaced
Land
Total Size
52 ft X 0 ft (Irregular Lot)
Current Use
Development residential
Sewer
Municipal sewage system
Size of Irregular Land
52 ft X 0 ft (Irregular Lot)
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