$399,900

Investment For Sale In Merlin, Ontario

$399,900

Property Information:

ATTENTION INVESTORS! EXCELLENT RATE OF RETURN! OVERSIZED TRIPLEX ON A L SHAPED LOT IN MERLIN. All 3 units are fully rented. Gross annual income $42,868.56. All units are very large with two- 2-bedroom units & one-1 bedroom unit. Tenants pay their own hydro & gas. Owner pays water. 2 of the units have been updated in recent years, including furnace & AC, hot water tanks, kitchen, bathrooms, insulation & drywall. Sits on a large corner L shaped lot on a 1/2 acre, with each unit having their own separate yard. On municipal water & city sewer. Ample parking for all units. Opportunities for additional income on the L shaped portion of the lot, such as storage containers. (id:27)

Building Features:

  • Style: Triplex
  • Building Type: Triplex
  • Air Conditioning: Yes
  • Exterior Finish:
  • Flooring Type: Carpeted, Laminate
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Irregular: Yes
  • Lot Size: 118 X IRREG.
  • Zoning: RL1-215
  • Parking Type: Other
  • No. of Parking Spaces: 6

Courtesy of: Royal LePage Peifer Realty

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