For Sale

$799,000

Added 1 month ago

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Keep As An 8 Unit And Develop Later Using The CASH FLOW For The Development Costs!!!! PERFECT For A Long-Term Investor And Someone Who Wants To Build In 10 Years - ZONING CODE Is R4UA-C !!! FIRE RETROFIT And Fire Prevention System Installed. Across The Street From A School And A Short Walk To Two Grocery Stores, Public Transit, And Parks. INVESTMENT OPPORTUNITY... This Is An 8-UNIT (3 Units Confirming And 5 Non-Confirming) APARTMENT Building. All Units Are Self-Contained With Their Own Bathroom (8 Total) And Kitchen (8 Total). Current Owner For 30 Years. Looking To Retire. There Are 2-2bedrms, 1-1bedrm, 5 Bachelors With A Net Operating Income Of $54,784.00/Yr (Not Incl Maintenance And Mgmt). LOTS To Offer Here At An UNBEATABLE Return On Investment! Seller Is Looking For Buyers With 30% Downpayment+, CASH BUYERS Preferred. ***Please Drive By/Walk The Outside BEFORE Booking A Viewing To The Inside; To Respect And Not Disturb The Tenants.*** RENT ROLL AVAILABLE - No Seller Financing (Id:15898)

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Listed by: RE/MAX HALLMARK REALTY GROUP

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184 Front Street East Suite 402 Toronto, ON M5A 4N3

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