This is a 24 unit apartment building with an electrified parking stall for each unit. There are 4 three bedroom units, 12 two bedroom units and 8 one bedroom units. Rents range from $1350 for a furnished unit to $750 for the smallest one bedroom - the average rental rate is $990 per unit. Renovations have been ongoing since these owners purchased the building with most units now renovated - there are two renovated units vacant currently and 4 units in the process of been renovated with the expectation renovations will be completed in the next few months. The landlord is very particular and will lease the units once a suitable tenant is found. Boiler was replaced in 2011 +/- , Commercial hot water tank replaced in 2013 +/-, Shingles replaced in 2018 +/- and the deck railings on the west side replaced with black aluminum and the east side to be completed this spring/summer. Once completely occupied this building will create revenue of approx $285, 000 at current rents. Expenses approx $90, 000 year over year to May 31 2022 with the building not completely occupied. Well maintained with regular renovations and updates done. - very good opportunity for the discerning investorShow Description MLS® NumberA2021056
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1976
Stories3
Pets
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
Existing Fridges, Ranges, Washers, Dryers, Window coverings
