Quick Summary
Quick Summary
- Sizable 3/4 acre lot
- Zoning allows additional 5-plex and 4-plex
- Existing CMHC 1st mortgage of $2 million
- Vendor offers $500,000 2nd mortgage at 1% interest
- Current net income of approximately $160,000
FOR ALL ENQUIRIES, PLEASE DO NOT EMAIL. Two 6-plexes on 3/4 acre lot. Zoning permits an additional 5-plex and 4-plex to be built on excess land at the back of the property. Buyer to assume a CMHC 1st mortgage for approx. 2 million dollars. Vendor willing to take back a 2nd mortgage of $500,000 at 1% interest only for 2 years. Current net... Show More
FOR ALL ENQUIRIES, PLEASE DO NOT EMAIL. Two 6-plexes on 3/4 acre lot. Zoning permits an additional 5-plex and 4-plex to be built on excess land at the back of the property. Buyer to assume a CMHC 1st mortgage for approx. 2 million dollars. Vendor willing to take back a 2nd mortgage of $500,000 at 1% interest only for 2 years. Current net income is approximately $160,000 before debt service.
Property Details
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Parking
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Ownership Details
Ownership
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Source
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For Sale Nearby
Sold Nearby
- 5
- 2
- 700 - 1,100 Sq. Ft.
- 3
- 1
- 3
- 2
- 5
- 2
- 3
- 1
- 4
- 2
- 4
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