Property
| Ownership: | For Sale |
|---|---|
| Type: | Duplex |
| Bedrooms: | 4 BR |
| Bathrooms: | 3 |
| Pets: | No Pets Allowed |
Financials
Price:C593,000
($432,700)
(€374,500)
Annual Taxes:C3,744
This well maintained low rise residential building offers a strong unit mix of one and two bedroom suites, all operated on an all inclusive basis.
Description
This well-maintained low-rise residential building offers a strong unit mix of one- and two-bedroom suites, all operated on an all-inclusive basis. The property has seen targeted capital improvements over time, including electrical service upgrades, select exterior improvements, and enhancements to the lower-level heating system, supporting efficient and reliable operations.Offered at under $200,000 per unit, the asset represents an attractive near-7% capitalization rate, providing immediate cash flow with limited management complexity. Situated on a large lot along a busy, high-visibility corridor in a core, near-downtown location, the property also benefits from future upside potential, including the possibility of an ADU addition or longer-term redevelopment, subject to municipal approvals.The vendor is motivated and has identified preferred walkthrough and offering timelines. Please contact your agent for further details.
Virtual Tour: https://sites.odyssey3d.ca/mls/231431136
Amenities
- Other
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.
