You are invited to this rare opportunity to acquire the jewel at Central Park and Crystal Pool Recreation Centre. A 13 suite revenue & character apartment building, mere blocks to Downtown and on all bus routes. Corrected Current Gross Effective Income greater than $157,000+. 6.3% Cap Rate; improved easily upon gentle stabilization. Professionally managed and meticulously cared for 5 1BR self contained suites and 7 studio and 1BR suites with shared amenities. Potential bonus density afforded by Schedule G bylaw. Coveted Legal, Non-Conforming Bonused FSR (Floor Space Ratio) allows up to 14 units. Cherished in a family portfolio for over 30yrs, this opportunity is now exclusively available to serious investors, alone. Request access to dropbox financials with a signed confidentiality agreement. All measurements to be verified. This one will earn well in any portfolio! Arrange viewings with Listing Agent. (id:47423)
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
Features
Central location, Level lot, Rectangular
Listing Contract Date
2024-11-04
Municipal ID
009-337-105
Ownership Type
Freehold
# of Parking Spaces
4
Plan
62
Property Type
Multi-family
Transaction Type
For sale
Views
City view
Zoning Description
R-2 Duplex
Zoning
Unknown
Building
Constructed Date
1912
Fire Protection
Fire alarm system
Heating Fuel
Oil, Other
Heating Type
Hot Water
Size (Exterior)
7664 square feet
Type
Multi-Family
Land
Total Size
6000 square feet
Size of Irregular Land
6000
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