DEVELOP & CONSTRUCT or OWN & OPERATE - Be opportunistic in a transitioning neighborhood! Recently rezoned TD1 site on 0.34 acres (see reports). Under 400m to the Cyrville Station with architectural plans for a 6-storey mid-rise. Currently operates as Triplex-Office with three 2BDRM units, an office building and fenced storage yard. Unit 1 (lower): Vacant-renovated with projected rent $1850/month incl. Unit 2 (ground): Spacious-upgraded eat-in kitchen $1950/month incl. Unit 3 (upper): Bright-upgraded kitchen and bath $1940/month incl office outbuilding with bathroom Fenced Year Yard: Vacant-previously leased for $1350/month for equipment storage - professionally graded with compacted gravel and separate gated entrance. Storage Shed: 2 Storage Units included with Unit 1&2 Parking: 20 (8 tenant) Current income is $46,680/year with potential to increase to $85,080/year. Notices for rent increases of 2.5% take effect in October 2024. Existing leases 1yr+ (id:47421)
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Detailed Information
Lot
100 x 150 ft
Amenities Nearby
Public Transit, Shopping
Features
Flat site
Lease Type
Net
Listing Contract Date
2024-07-13
Municipal ID
042630224
# of Parking Spaces
20
Property Type
Multi-family
Storage
Storage Shed
Transaction Type
For sale
Zoning Description
TD[2755]-h
Building
Basement Development
Finished
Basement Type
Full (Finished)
Construction Style (Attachment)
Attached
Cooling Type
Central air conditioning
Exterior Finish
Siding
Flooring Type
Laminate, Vinyl, Ceramic
Heating Fuel
Electric, Natural gas
Heating Type
Baseboard heaters, Forced air
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Gravel
Surfaced
Utilities
Type
Description
Fully serviced
Available
Land
Total Size
100 ft X 150 ft
Amenities
Public Transit, Shopping
Fence Type
Fenced yard
Sewer
Municipal sewage system
Size of Irregular Land
100 ft X 150 ft
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