Map
Listed price in listed location currency (CAD).
$5,995,000

0160

MLS® X12789414

Overview

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $21,484
Days Active 14
Approx. Age 
MLS® Number X12789414

Property Address: 360 S Friel Street S, Lower Town - Sandy Hill, ON, K1N7W6

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to 360 Friel Street an exceptional turnkey investment opportunity featuring 16 residential units with separate hydro meters, comprised of 9 fully renovated and refurbished units, 7 newly constructed additional units (recently completed). Unit Breakdown: 1 Three-Bedroom Unit, 3 Two-Bedroom Units, 2 One-Bedroom Units, 10 Studio Units. All units are fully furnished and separately metered, offering operational efficiency, reduced utility risk, and strong tenant appeal. The seller is willing to lease all units, providing investors with a stabilized, income-producing asset from day one. Income Overview Projected Residential Rental Income: $402, 420.00, Parking Income: $1, 800.00, Laundry Income: $3, 780.00, Total Projected Gross Income:$408, 000.00, Annually Projected 2026 Operating Expenses Vacancy (2%) - $8, 084.00, Property Taxes (5.42%) - $21, 484.00, Utilities (5.82%) - $23, 064.00 (Heat, Water, Hydro) Repairs & Maintenance (4%) - $15, 845.00, Property Management (3.96%) - $15, 687.00, Property Insurance (6.85%) - $27, 125.00Advertising (0.5%) - $1, 981.00, Total Projected Operating Expenses: $113, 270.00. Financial Summary - Gross Income: $408, 000.00, Less Operating Expenses: $113, 270.00, Estimated Net Operating Income (NOI): $294, 690.00 annually. This newly completed, fully furnished multi-unit property presents a rare opportunity to acquire a modern, income-generating asset with strong projected returns and long-term growth potential.
MLS® NumberX12789414
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 14, 2026List Date
$5,995,000List Price

Map

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