Quick Summary
Quick Summary
- Renovated fourplex on double lot with numerous updates
- Attractive 6% cap-rate with tenants paying utilities
- Upgraded interiors, electrical, plumbing, and heating
- Newly installed flooring, appliances, and kitchens
- Fully leased to vetted tenants with no legacy issues
- Potential for expansion with extra-large lot size
- Conveniently located near local shops and amenities
- Established neighborhood with growth and profitability
RENOVATED FOURPLEX on DOUBLE LOT with TONS of UPDATES. Market Rents with 6% Cap-Rate. Tenants pay Heat, Hydro & Water. UPDATED Interiors, Electrical, Plumbing, Heating, & Kitchens, Flooring, Appliances (including washers and dryers). Approx $300k in upgrades. Turnovers would simply be a clean and fresh paint. All units re-rented to highly... Show More
RENOVATED FOURPLEX on DOUBLE LOT with TONS of UPDATES. Market Rents with 6% Cap-Rate. Tenants pay Heat, Hydro & Water. UPDATED Interiors, Electrical, Plumbing, Heating, & Kitchens, Flooring, Appliances (including washers and dryers). Approx $300k in upgrades. Turnovers would simply be a clean and fresh paint. All units re-rented to highly vetted tenants with no legacy tenants. Introducing a prime investment opportunity located at the corner of Mary and Peel: a brick 4-plex boasting an extra-large lot for potential expansion. While it may not be suitable for severance, there's room for growth, possibly transforming it into a 7-plex (survey copy available). Don't miss out on this investment opportunity with potential for growth and increased profitability. **** EXTRAS **** Located in a well-established neighborhood, residents benefit from proximity to local amenities such as shops, restaurants, and parks, fostering a convenient and comfortable lifestyle. (id:54626)
Property Details
Size
Parking
Build
Heating & Cooling
Utilities
Rooms
Dining room
Dining Room
Kitchen
Kitchen
Living room
Living Room
Living room
Living Room
Dining room
Dining Room
Kitchen
Kitchen
Ownership Details
Ownership
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For Sale Nearby
Sold Nearby
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