Quick Summary
Quick Summary
- Exceptional investment opportunity with 7% CAP rate
- Diverse mix of 3BR, 2BR, and 1BR units
- Separate entrances for privacy and convenience
- Separate hydro meters for individual tenant control
- New gas hot water boiler for enhanced appeal
- Stable tenants with consistent on-time rent payments
- Tenant maintains grounds in exchange for rent reduction
- Potential for capital appreciation
Exceptional Investment Opportunity - well-maintained fourplex that boasts a 7% CAP RATE. This property features a diverse mix of units, including a 3-bedroom unit, two 2-bedroom units, and a 1-bedroom unit, catering to a wide range of tenants. Each unit has its own separate entrance, ensuring privacy and convenience for all residents. The... Show More
Exceptional Investment Opportunity - well-maintained fourplex that boasts a 7% CAP RATE. This property features a diverse mix of units, including a 3-bedroom unit, two 2-bedroom units, and a 1-bedroom unit, catering to a wide range of tenants. Each unit has its own separate entrance, ensuring privacy and convenience for all residents. The property is equipped with five separate hydro meters, allowing tenants to have individual control of heat. A new gas hot water boiler has been installed, further enhancing the appeal of this investment. Here's a brief overview of the units: - Unit 1: A spacious 3-bedroom unit, currently rented for $2200/month plus hydro. - Unit 2: A cosy1-bedroom unit, currently rented for $1250/month plus hydro. - Unit 3: Another 2-bedroom unit, currently rented for $787/month, inclusive of utilities. The tenant maintains the grounds, including snow removal, grass cutting, and general repairs, in exchange for a reduction in rent. - Unit 4: A spacious 2-bedroom unit, currently rented for $1000/month, all-inclusive. All tenants are comparative and consistently pay their rent on time, contributing to the stability of your investment. This fourplex represents a fantastic investment opportunity, combining reliable cash flow with the potential for capital appreciation. Don't miss out on this chance to add a high-performing asset to your portfolio.showing are every Tuesday and Thursdays 1pm to 8pm (id:54626)
Property Details
Parking
Build
Heating & Cooling
Utilities
Ownership Details
Ownership
Book A Private Showing
For Sale Nearby
Sold Nearby
- 1,100 - 1,500 Sq. Ft.
- 3
- 2
- 1,500 - 2,000 Sq. Ft.
- 5
- 2
- 6
- 4
- 4
- 2
- 1,500 - 2,000 Sq. Ft.
- 3
- 2
- 8
- 3
- 4
- 2
- 3
- 2
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.