RENOVATED FOURPLEX on DOUBLE LOT with NEW ‘EVERYTHING’. Market Rents with 6% Cap-Rate. Tenants pay Heat, Hydro & Water. NEW Interiors, Electrical, Plumbing, Heating, & Kitchens, Flooring, Appliances (including washers and dryers). Approx $300k in upgrades. Turnovers would simply be a clean and fresh paint. All units re-rented to highly vetted tenants with no legacy tenants. Introducing a prime investment opportunity located at the corner of Mary and Peel: a brick 4-plex boasting an extra-large lot for potential expansion. While it may not be suitable for severance, there's room for growth, possibly transforming it into a 7-plex (survey copy available). Don't miss out on this investment opportunity with potential for growth and increased profitability. Located in a well-established neighborhood, residents benefit from proximity to local amenities such as shops, restaurants, and parks, fostering a convenient and comfortable lifestyle. (id:47421)
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Detailed Information
Lot
92 x 64 ft
Amenities Nearby
Schools
Listing Contract Date
2024-05-03
Location Description
Corner of Mary and Peel
Ownership Type
Freehold
# of Parking Spaces
8
Property Type
Office
Transaction Type
For sale
Zoning Description
rc
Building
Basement Type
Full
Exterior Finish
Brick
Foundation Type
Block
Stories Total
2
Size (Exterior)
3207
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Amenities
Schools
Sewer
Municipal sewage system
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