Multi-residential investment opportunity with 10-unit 2-story apartment (8 are legalized), 9 are leased. This asset is currently producing a net income of $68,980.49 (8 units). Including all 9 leased units, the net income increases to $84,580.49. If the property were fully leased, the potential NOI is over $100,000. The Landlord pays for all utilities; separate hydro meters are available that have never been hooked up. The property contains 3 septic beds and 1 drilled well. The building is being sold in an as-is where-is capacity. There is outstanding capital required; Seller estimates $70,000. The 2025 expenses are currently estimated. (41771037)
Cross Streets: F.R Nelson Road. ** Directions: 400 North to Exit 141 to Cnty Rd 16.
Property Type
Multi-family
Building Type
Multi-Family
Age Of Building
31 to 50 years
Annual Property Taxes
$6,626 (CAD)
Time on REALTOR.ca
10 days
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