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$1,899,990
Status: For Sale
15 Unit building. Property is Fully Tenanted! Building current use consist of 3 - One Bedroom Units and 6 - Bachelor Units and 6 - Studio Rooms. BONUS Vacant Lot Built-To-Suit next to Property INCLUDED. Gross Annual revenue $151,000. Annual Expenses $39k. With 6% Cap RATE. Projected Cap Rate at 8.3% Building is Located next to A State-Of-The-Art Retirement Home. Walk to Riverside Waterfront with Amazing Detroit Skyline views! Steps to Ceasers Palace, Detroit-Windsor Tunnel, VIA Rail Station, J.P. Wiser Factory. High-Tech Network System - Keyless Entry System throughout the Building and Units - No Keys Required! On-Site coin-operated Laundry Room. **EXTRAS** All Units Above-Ground. 15 Fridges, 10 Microwaves, 4 Stoves, 6 Induction Cooktops
| Property Type | :Residential Freehold |
|---|---|
| MLS Number | :X12118124 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :01 May, 2025 (8 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Essex |
|---|---|
| Postal Code | :
N8Y 2P4
|
| Price | : $1,899,990 |
|---|---|
| Property Taxes | :$8410.0 |
| Tax Year | :2024 |
|---|
| Bedrooms | :9 + 6 |
|---|---|
| No. of Rooms | :15 |
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Cross Street | :Riverside Rd / Drouillard Rd |
| Bathrooms | :11 |
|---|---|
| Fuel | :Gas |
| Approx Square Footage | :5000 + sqft |
| Fireplace/Stove | :No |
| Virtual Tour | :Virtual Tour (External Link) |
| Exterior Finish | :Brick |
|---|---|
| Parking Space | :15 |
| Basement | :No |
| Laundry Level | :Main Level |
|---|
01 May, 2025
TREB #X12118124
Listed
$1,899,990
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