Investor Alert! Prime Downtown Investment (Motivated Seller)! This commercial-residential zoned property offers a 5.70% Cap Rate and is fully leased with income-producing units. Featuring 4 well-maintained units, this multi-family investment includes impressive rental income (Main = $3,800; 2nd = $4,400; Top = $1,800). Located in a prime downtown core with steps to amenities and transit, this property has lane access for 2-car parking and potential for additional rental income. Development potential to add 3 extra units (buyer to verify) and bonus opportunity for a 5th unit or laneway house (buyer to verify). Turnkey opportunity with capital appreciation potential. Perfect for multi-generational family living under one roof, and an excellent opportunity for investors seeking a high-yield, mixed-use property. Securing this property early ensures long-term passive income and more profit in coming years. Dont miss this as-is handyman special! **** EXTRAS **** 4 Fridges, 4 Stoves, 3 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (id:35492)
Business Type | Residential |
Business Sub Type | Apartments |
MLS® Number | C8391530 |
Property Type | Multi-family |
Community Name | Cabbagetown-South St. James Town |
Parking Space Total | 2 |
Heating Fuel | Natural Gas |
Heating Type | Forced Air |
Size Interior | 2776 Sqft |
Type | Multi-family |
Utility Water | Municipal Water |
Acreage | No |
Size Depth | 132 Ft |
Size Frontage | 17 Ft ,5 In |
Size Irregular | 17.49 X 132 Ft |
Size Total Text | 17.49 X 132 Ft |
Zoning Description | Commercial |
Contact us for more information
Richard Foltys
Salesperson
(647) 313-3400
(289) 475-5524
www.internationalrealtyfirm.com/
Felicia Pizzonia
Salesperson
(647) 313-3400
(289) 475-5524
www.internationalrealtyfirm.com/