Lincoln L3J 0M8
Canada

Property

Ownership: For Sale
Type: Unknown

Financials

Price:C1,699,000
($1,244,200)
(€1,058,900)
Annual Taxes:C25,518
505 Park Ave, New York, NY 10022

A clean 11 unit building selling at aprox.

    Description

    A clean 11-unit building selling at aprox. a 7.1% cap rate based on real numbers, not projections. 10x2 Bedroom, 1x3 Bedroom. Tenants pay Hydro. Boiler roughly 7 years old. Turn key with No heavy lifting, no major repositioning needed to enjoy current phenomenal cashflow but if you want to work the asset and force appreciation there is tremendous upside to market rents. Tenant profile is both diverse and stable, comprising working families, skilled trades professionals, retirees, and individuals transitioning from higher-cost urban markets. Solid construction, key systems addressed, clean environmental, and a strong unit mix. Expenses are well-controlled at a 37.1% income to expense ratio, with potential to further optimize expenses. A stabilized, income-producing asset delivering strong in-place cash flow, with defined pathways to further drive value through operational improvements. Tours will be conducted Sunday April 26th from 11am-1pm. This is not an open house attendance must be confirmed

    Amenities

    • Major Highway
    • Recreation/Community Centre

    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.