Welcome to 51 Cranston Avenue! This spacious 3-family is located in a good family neighbourhood, conveniently located near many amenities. This property has some brick exterior, plenty of off-street parking, and is a solid investment building with great units. This building has a paved driveway, natural gas heating, some renovations (especially the lower unit), a common laundry room, and is located on the bus route. This building has solid numbers and is a great investment opportunity. Rents are: Lower unit-$1500 (proposed amount-currently vacant), Middle-$1600 and Upper- $1450 Approximate Total Income = $54,600 | Approximate Expenses: Insurance-$1913, taxes-$3520, heat-$4376, electricity-$641, and water/sewer-$3592. Approximate Total Expenses: $14042 | Approx. Net Income - $40,558 (27027368)
Property Type
Multi-family
Annual Property Taxes
$3,520 (CAD)
Time on REALTOR.ca
37 days
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