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$ 2,395,000
Est. payment | /mo
3,703 SqFt
$ 2,395,000
Est. payment | /mo
3,703 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3703
Square Footage 3,703 sqft
Price per Sqft $646
Subdivision Crown Point
MLS® Listing ID X13474682
Property Description
Turnkey mixed-use investment opportunity featuring 9 units, including 8 residential suites (2 x 1-bedroom, 6 x 2-bedroom) and 1 approximately 1,000 SF ground-floor commercial unit, ideally situated along the high-exposure Barton Street East corridor. Completed under CMHC's MLI Select Energy Program, the Property has undergone an extensive renovation and capital improvement program, including a new roof, updated plumbing, electrical, windows, in-suite heat pumps, a high-efficiency tankless boiler, and a restored exterior façade. As part of the energy retrofit, six of the eight residential units were completely gutted to the studs, reframed, reinsulated, drywalled, and fully renovated, representing a substantial investment. One of the remaining unrenovated units will become vacant in July, while the commercial space is currently vacant. Offered at an attractive 5.5% cap rate at the asking price. Purchaser must assume the existing first mortgage of approximately $1.87M at a 4.45% fixed interest rate with a 40-year amortization, providing highly attractive in-place financing. An exceptional opportunity to acquire a substantially upgraded, low-maintenance investment asset with stable cash flow and favourable long-term financing. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Other
Cooling Partially air conditioned, Fully air conditioned
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Listed by EXP REALTY
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