An excellent opportunity to own a phenomenal 8 plex investment. Located in the Heart of Killarney, in a fantastic location. Steps to restaurants, cafe's, parks and schools, as well as transit. This well managed, and maintained building has had very stable tenancy for the past many years. Featuring 4 large 2 bedrooms suites, (east facing) and 4 large one bedrooms. (west facing) All units except two lower ones have huge storage and or den areas. 2 bedroom units boast approx 850 square feet of space, and approx 600-700 square feet of space respectively for the one bedroom units. All units have large picture windows, flooding the suites with natural light. Updates include bathrooms, all laminate flooring, and all updated appliances. Picture show unit 6 with all other to identical in updates and finishings. The owner has kept the mid century kitchens, which can easily be refinished, and is very popular with tenants. Updates include all updated windows, roof, boiler, hot water tank, common area carpets. Mid century brick facade which always looks great. On site coin op laundry managed by coinamatic. Full parking with alley access. Good Tenant profiles. An excellent turn-key investment in a prime location, on a large lot with possibe re-zoning for higher density for future re development. Please do not approach tenants. Proforma with environmental available. (id:55577)
Property Features
- MLS® Number A2259396
- Price $1,765,000
- Square Footage: 3452 sqft
- Property Type: Multi-Family
- Community Name: Killarney/Glengarry
- Plan 732gn
Buildings
| Constructed Date | 1962 | Fire Protection | Alarm System |
| Foundation Type | Poured Concrete | Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters, Hot Water | Size Exterior | 3452.12 Sqft |
| Size Interior | 3452 Sqft | Total Finished Area | 3452.12 Sqft |
| Type | Multi-family |
Land
| Acreage | No | Size Irregular | 646.00 |
| Size Total | 646 M2|4,051 - 7,250 Sqft | Size Total Text | 646 M2|4,051 - 7,250 Sqft |
| Zoning Description | M-c1 |
Agents and Offices
- Akbar A. Nimji
- Office: RE/MAX Realty Professionals