Well maintained 3-storey 24 suite apartment building located in a desirable and convenient location across from the Michener Recreational Center. All Tenants are on 1-year leases with various expiry dates except for 2 long-term Tenants and 1 vacant 2-bedroom suite to be fully renovated. There are five 2-bedroom suites, eighteen 1-bedroom suites and 1 bachelor suite. Each of the 1 and 2-bedroom units have a storage room, living room, entrance/hallway closet, 4-piece bathroom, kitchen and dinning area. All 2nd and 3rd floor units have a sliding door to a balcony. Over the past 7 years complete renovations including vinyl plank flooring, all new appliances including the addition of dishwashers, painting, new bathroom and kitchen cabinets and counter tops, room and closet doors, all moldings and casings, electrical fixtures and plumbing fixtures have been completed to two of the 2-bedrooms, fourteen of the 1-bedrooms and the bachelor suite. A 2-bedroom apartment will be vacated and full renovations started October 1, 2024. Partial renovations have been made to two of the 2-bedrooms and three of the 1-bedroom suites. There are two units left to renovate, which will provide a potential increase in rental revenue for the building. Additional renovations and updates to the common hallways and stairwells include new carpet/flooring, painting, reflective window film, LED lighting, new make-up air unit with air conditioning and a video security system with cameras at all entrances/exits, parking lot, the common hallways and stairwells. There is a common laundry room on the 1st/ground floor with 2 new token operated washers and gas dryers. Parking lot is paved and each suite has its own designated parking spot. There are 9 visitor parking spots as well as lots of available street parking. There is a live-in caretaker who looks after cleaning common hallways and stairwells, lawn cutting and snow removal and is remunerated with a rent reduction of $450.00.More details
A brand new 5 plex that would make a great addition to your investment portfolio. These Larkaun Homes built townhouses each have 3 bedrooms upstairs, a 4 pce bathroom and a 4 pce ensuite. Vinyl plank flooring, vinyl tile and upgraded carpet. Upgraded kitchens including quartz countertops, corner pantries & full tile backsplash. No need to budget for landscaping. The builder is including sod front and back and fully fenced with additional parking in the back. A great location on a Close in Penhold, just steps away from the Multiplex. Worry-free investment with New Home Warranty.More details
A brand new 5 plex that would make a great addition to your investment portfolio. These Larkaun Homes built townhouses each have 3 bedrooms upstairs, a 4 pce bathroom and a 4 pce ensuite. Vinyl plank flooring, vinyl tile and upgraded carpet. Upgraded kitchens including quartz countertops, corner pantries & full tile backsplash. No need to budget for landscaping. The builder is including sod front and back and fully fenced with additional parking in the back. A great location on a Close in Penhold, just steps away from the Multiplex. Worry-free investment with New Home Warranty.More details
If you’re looking for an income generating property with potential for further growth- this is it! 15 suite apartment building currently sitting at 73% occupancy. This building consists of 13 - 1 bedroom + 1 bath suites and 2 bachelor + 1 bath suites. 4 units are vacant. Some of the units have been updated with newer flooring. New hot water tank. Building has a zero lot line and a parking stall with 19 spaces.
Current gross income is at $10,320 with room for growth. Several long term tenants.More details
Nice 4 plex located in Oriole Park. All of the units are a bi-level style. The main floor has a spacious living room, galley style kitchen, eating area (with patio doors out to the deck) and there is a 2 pce bath. Downstairs has 2 bedrooms (the primary has a large walk-in closet), a 4 pce bathroom and a laundry area with washer & dryer. Each unit has its own electric meter. The yard has big trees and there is parking at the back.More details
Data was last updated December 7, 2024 at 06:05 AM (UTC)
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