6 suite complex in the heart of midtown offering an exceptional revenue generating opportunity! The property features a 2 storey building situated on a large 10,320 square foot fenced lot with alley access, providing ample room for parking and future development. The building includes 3 bachelor units, 1 one-bedroom unit, 1 two-bedroom unit with in-suite laundry and a spacious three-bedroom top floor unit with laundry hookups. Each unit has its own power meter and tenants are responsible for their own electricity costs. The building is heated by a gas furnace with some units also featuring electric baseboard heaters for added convenience. Close to schools, shopping and the Rotary Trail, this property generates an annual gross income of $57,000, offering a strong return on investment in a great location. Don't miss out on this versatile income generating opportunity. Call today to schedule a viewing! (id:47421)
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Detailed Information
Lot
86 x 0 ft
Features
Treed
Listing Contract Date
2025-03-18
Ownership Type
Freehold
Property Type
Multi-family
Structures
Deck
Transaction Type
For sale
Building
Appliances
Washer, Refrigerator, Dryer, Stove
Architectural Style
Low rise
Constructed Date
1915
Heating Fuel
Electric, Natural gas
Heating Type
Forced air
Stories Total
2
Type
Multi-Family
Land
Total Size
10320 square feet
Fence Type
Fence
Landscape Features
Lawn
Size of Irregular Land
10320.00
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