This 11-unit property offers a rare chance to invest in a high-demand rental market benefiting from strong tenant interest and consistent occupancy. The unit mix consists of a three-bedroom unit, a cozy one-bedroom unit, and nine spacious two-bedroom units, all conveniently accessible through the shared common areas. All units have their own hydro meter, with nine units currently paying their own hydro. Heat is ran through a baseboard electric system limiting expenses for the landlord. Water and Sewer are municipal and paid by the Landlord. Recent updates enhance its appeal and operational efficiency, while a notable gap to market rents provides significant value-add potential. Situated on a spacious lot with a large parking area in the front, the property presents opportunities for future development or additional amenities. This well-positioned asset combines immediate income stability with long-term growth potential in a growing northern community. (id:47421)
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Detailed Information
Lot
150 x 100 ft
Listing Contract Date
2025-01-17
Location Description
Rorke Ave / Little St
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R
Building
Cooling Type
Partially air conditioned
Heating Fuel
Natural gas
Heating Type
Forced air
Type
Multi-Family
Utility Water
Municipal water
Land
Total Size
150 x 100 FT
Size of Irregular Land
150 x 100 FT
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