Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 8 one-bedroom units and 1 bachelor unit. Fully rented with reliable tenants, offering stable cash flow and minimal vacancy risk. Prime location near Fanshawe College, Northland Mall, bus routes, and easy 401 access. Gross rental income is $133,755 and an NOI of $95,570. Ideal for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, new roof, new parking lot, coin-op laundry, ample parking, and exterior paint/siding updated in 2022. (41547029)
Cross Streets: Highbury Ave N and Huron St. ** Directions: Heading south on Highbury Ave N, turn left onto Godfrey Dr. and another left to stay on Godfrey Dr. Property on right side.
Property Type
Multi-family
Building Type
Multi-Family
Land Size
83.21 x 124.98 FT
Annual Property Taxes
$15,105 (CAD)
Time on REALTOR.ca
46 days
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