ASSUMABLE MORTGAGE AT 2.17% INTEREST! Own a turnkey investment property in sought-after Beechwood Village! This well-maintained, purpose built 6-unit (4 x 2 bdrm, 2 x 1 bdrm) offers a fantastic opportunity for investors seeking stable income and further opportunities to add value. Assumable CMHC-insured 1st mortgage with ultra low 2.17% interest rate allows buyer room to add additional mortgage in second position, considerably lowering the initial investment required. Upon renewal in Dec 2025, buyer will have the opportunity to refinance at stabilized rates. Renovated mechanical and laundry room ensures reliable operation for years to come and minimizes op costs. New windows throughout enhance comfort and efficiency. The R4S zoning allows for renovations and potential to increase density. Situated in the vibrant Beechwood Village / Vanier North neighbourhood, the property enjoys excellent access to shops, restaurants, schools, and public transportation, ensuring a steady tenant pool. (id:47421)
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Detailed Information
Lot
67 x 82 ft
Listing Contract Date
2024-03-12
Management Company
None -
Municipal ID
042340205
Ownership Type
Freehold
# of Parking Spaces
5
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R4S
Building
Constructed Date
1953
Exterior Finish
Brick
Heating Type
Hot water radiator heat
Stories Total
3
Land
Total Size
67 ft X 82 ft (Irregular Lot)
Size of Irregular Land
67 ft X 82 ft (Irregular Lot)
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