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$4,595,000
Est. payment /mo
34 Beds
18 Baths
17,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 17,000 sqft
Price per Sqft $270
Subdivision 327 - Fairview/Kingsdale
MLS® Listing ID 40635033
Bedrooms 34
Originating Board Cornerstone - Waterloo Region
Year Built 1972
Lot Size 0.575 Acres
Acres 25047.0
Property Description
Well maintained purpose built 18-unit apartment building on a 0.575 acre lot with significant opportunity to increase revenue. Unit break-down is 17 Two Bed / One Bath units and 1 newly constructed (completion September 2024) One bed / One bath unit. 8 of the 18 units are newly renovated including flooring, kitchens, appliances and bathrooms leaving an opportunity for the new owner to reposition the 10 remaining units. Revenue may further be increased by the introduction of parking surcharges on turn-over. The building is located in a very attractive area in terms of investment that will appeal to Tenants with easy access to public transportation, including the Region's Light Rail Transit (LRT) system, schools, regional shopping mall, the expressway (to 401), and a variety of grocery & drug stores, restaurants, medical and dental offices as well as other shopping opportunities. (id:24570)
Location
Province ON
Interior
Heating Radiant heat,
Cooling None
Exterior
Parking Features No
Community Features High Traffic Area, School Bus
View Y/N No
Total Parking Spaces 22
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by RE/MAX REAL ESTATE CENTRE INC.