Property Information:
Buy & Build "your own" 4 Story apartment for 29 units on a RM h16 zoning "CORNER" lot 49.9’ * 150’(140'). The site is backing to green space and off leash Park. The site location near Canadian tire & Superstore and public transportation to Kingsway mall. Bachelor (2 units), 1-bed (18 units), 2-bed (9 units). 29 units estimated gross income $528,000. Cap rate 5.25%. The house has "not" been demolished yet. The house has been kept in a good condition. Currently total rent $2250/m. The lease end until July 31, 2025. Buyer can apply mortgage on the property. The seller is also option to build the completed project on request.
Courtesy of: MaxWell Polaris
Data was last updated 2024-11-26 at 08:38
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