Huge lot ! This perfect Hintonburg location tri plex investment and development property.


Property

Website:https://www.nestseekers.com/5588433
Address:
West Centre Town K1Y 1W5
Canada
Ownership: For Sale
Type: Unknown
Bedrooms: 6 BR
Bathrooms: 3

Financials

Price:C1,695,000
($1,194,000)
(€1,048,200)
Annual Taxes:C8,627

Description

Huge lot! This perfect Hintonburg location tri-plex investment and development property. $107,000 gross income, ~$87000 net. Strong ~5.2% cap rate. Unlike other buildings all the major interior/exterior updates and utility replacement expenses ($350k) have been completed in last few years ! Rear build zone is ~75x50ft. Enjoy an updated, excellent cash flow property to keep it while you plan the expansion. Currently the building has 6 parking spots. All 3 units have their own private outdoor patios! Garage has 3 units - 1 double - 1single and man door storage.

Contact

Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario
Phone: