Beautifully maintained 1910-character building offering historic charm, affordable rents, consistently high occupancy, and long-term tenant retention.The property has undergone extensive upgrades, including: • Redecorated suites • New boiler installed circa 2016 • Updated electrical system, including electrical panel • Plumbing upgrades completed in 2012 • Roof replaced circa 2018 2019 • Low-maintenance landscaping with a small outdoor patioThis turnkey investment property offers stable rental income with minimal ongoing maintenance. Potential future upside is possible through acquiring a Heritage property designation and the sale of air rights, both of which require municipal approval.An excellent opportunity to own a well-maintained character property with strong rental demand. The existing mortgage must be assumed - See supplements. (id:55577)
Property Features
- MLS® Number A2356067
- Price $3,255,000
- Square Footage: 9989 sqft
- Property Type: Multi-Family
- Community Name: Beltline
- Plan A1
- Total Buildings 1
Buildings
| Constructed Date | 1910 | Construction Material | Wood Frame |
| Exterior Finish | Wood Siding | Fire Protection | Alarm System |
| Foundation Type | Poured Concrete | Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters, Radiant Heat | Size Exterior | 9989.4 Sqft |
| Size Interior | 9989 Sqft | Total Finished Area | 9989.4 Sqft |
| Type | Multi-family |
Land
| Acreage | No | Size Depth | 39.78 M |
| Size Frontage | 11.89 M | Size Irregular | 470.00 |
| Size Total | 470 M2|4,051 - 7,250 Sqft | Size Total Text | 470 M2|4,051 - 7,250 Sqft |
| Zoning Description | Cc-mh |
Agents and Offices
- Mike Fleming
- Phil Haugen
- Office: Michael Fleming Realty Corp.