$1,550,000.00

OFFER DATE: OPEN FOR OFFERS. NO OFFER HOLD OVER ON THIS LISTING.
8 UNIT BUILDING
6 RESIDENTIAL UNITS
2 COMMERCIAL UNITS

OPEN FOR OFFERS. NO OFFER HOLD OVER. 6 RESIDENTIAL UNITS AND 2 COMMERCIAL UNITS IN A PRIME LOCATION ON ERIE ST E. 1 RES UNIT IS LEFT VACANT FOR SHOWINGS. 5-1 BEDROOM UNITS AND 1 BACHELOR UNIT. ALL TENANTS ARE CURRENT WITH JULY RENTS. NO PRESENT EVICTIONS OR NON PAYMENT OF RENTS. 1 COMMERCIAL UNIT FEATURES 1726SQFT WITH 6 INDIVIDUAL OFFICES, A FRONT LOBBY, BACK ROOM WITH BATHROOM AND KITCHEN. 2ND COMMERCIAL UNIT FEATURES A 2789SQFT RESTAURANT WITH POTENTIAL PATIO LCBO LICENSE. WITH BOTH COMMERCIAL UNITS RENTED YOU HAVE A POTENTIAL INCOME OF $140,580.00 WITH A CAP RATE @ 6.94%. DON’T MISS OUT ON THIS ONCE IN A LIFETIME LOCATION. FOR MORE DETAILS ON A LIST OF UPGRADES, UTILITIES/METERS AND A FULL INCOME AND EXPENSE CLICK MORE INFO ON REALTOR.CA LISTING TO VISIT WEB LISTING. SELLER HAS A RIGHT TO DECLINE ANY OFFER.

ADDITIONAL INFORMATION

6 RESIDENTIAL UNITS ARE ALL INCLUSIVE ON WITH BOILER GAS HEAT.

1 COMMERCIAL RESTAURANT UNIT WITH 2 SEPARATE GAS FURNACES AND 1 HYDRO METER. TENANT PAYS AALL UTILITIES.

1 COMMERCIAL OFFICE UNIT HEAT INCLUDED AND 1 SEPARATE HYDRO METER.

INCOME AND EXPENSE

INCOME AND EXPENSE CLICK HERE

Property Details

Building

Land