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$785,000
Status: For Sale
Discover a unique investment opportunity with this well-maintained legal non-conforming 7-plex, boasting a history of steady occupancy and satisfied residents. Currently, all tenants are aged 55+, fostering a peaceful and mature community. Each unit is rented on a month-to-month basis. This property has return on investment with a projected rental income of $80,388 per year and current expenses of $23,033.54 (2023). Conveniently, it offers seven parking spots and an outbuilding for additional storage, catering to tenant needs. Two units are intentionally kept vacant, offering immediate potential for new tenants or renovation. Owned by the same individual since 1998, the building has been meticulously cared for and upgraded over the years. Detailed floor plans, a comprehensive list of upgrades, and a breakdown of expenses and rents are available upon request. Dont miss out on this rare opportunity to own a multi-family property in a desirable location.
| Property Type | :Residential |
|---|---|
| MLS Number | :X9039453 |
| Listing Type | :Sale |
| Property Age | :100+ Years |
| Possession Date | : |
| Last Updated | :07 Oct, 2024 (76 Days ago) |
| Source | :TRREB |
| Area | :Lennox & Addin |
|---|---|
| Postal Code | :
K7R 1Z8
|
| Price | : $785,000 |
|---|---|
| Property Taxes | :$8929.00 |
| Tax Year | :2024 |
|---|
| Bedrooms | :9 + 2 |
|---|---|
| No. of Rooms | :24 |
| Air Conditioning | :None |
| Heating | :Forced Air |
| Place of Worship | :No |
| Cross Street | :Centre Street South, West on Dundas, Located on Corner of Dundas & West Street |
| Bathrooms | :7 |
|---|---|
| Fuel | :Gas |
| Approx Square Footage | :3500-5000 sqft |
| Exterior Finish | :Brick, Vinyl Siding |
|---|---|
| Parking Space | :7 |
| Basement | :Part Bsmt |
| Garage | :None |
|---|---|
| Park | :Park |
| Library | :Library |
15 Jul, 2024
TREB #X9039453
Listed
$785000.0
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