Property

Ownership: For Sale
Type: Unknown
Bedrooms: 10 BR
Bathrooms: 6
Pets: Pets No

Financials

Price:C1,399,000
($1,005,936.96)
(€895,240.48)
Annual Taxes:C5,220
505 Park Ave, New York, NY 10022

Description

**Prime Investment Opportunity Purpose-Built 6-Unit Apartment Building in Jarvis!** An outstanding multiplex investment offering stable rental income, with all units currently occupied. This well-maintained brick and concrete construction with metal siding features four spacious two-bedroom units and two one-bedroom units, each separately Hydro metered. Recent upgrades enhance long-term value, including a newer pump (2024), windows (2023-2024), boiler and furnace (2018), resurfaced roof (2017), and updated siding (2019). This income-generating property produces a gross total income of $115,880 per year, with total expenses of $20,029 and a strong 6.9% CAP rate. Tenant storage lockers and ample parking add further value. Situated in a growing community just 35 minutes from HWY 403/Hamilton, this property offers long-term appreciation with potential upside and the ability to increase rents to market value over time. Don't miss this incredible investment opportunity!

Amenities

  • Separate Hydro Meter

Prime Investment Opportunity Purpose Built 6 Unit Apartment Building in Jarvis !


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.