Property Information:
DEVELOP & CONSTRUCT or OWN & OPERATE - Be opportunistic in a transitioning neighborhood! Recently rezoned TD1 site on 0.34 acres (see reports). Under 400m to the Cyrville Station with architectural plans for a 6-storey mid-rise. Currently operates as Triplex-Office with three 2BDRM units, an office building and fenced storage yard. Unit 1 (lower): Renovated 2 bdrm $2100/month incl. Unit 2 (ground): Spacious-upgraded eat-in kitchen $1950/month incl. Unit 3 (upper): Bright-upgraded kitchen and bath $1940/month incl office outbuilding with bathroom Fenced Year Yard: Vacant-previously leased for $1350/month for equipment storage - professionally graded with compacted gravel and separate gated entrance. Storage Shed: 2 Storage Units included with Unit 1&2 Parking: 20 (8 tenant) Current income is 71k/year with potential to increase to 88k/year. Notices for rent increases of 2.5% take effect in October 2024. Existing leases 1yr+ (id:27)
Building Features:
-
Style:
Triplex
-
Building Type:
Triplex
-
Basement Development:
Finished
-
Basement Type:
Full
-
Construction Style - Attachment:
Attached
-
Exterior Finish:
Siding
-
Flooring Type:
Laminate, Vinyl, Ceramic
-
Heating Type:
Baseboard heaters, Forced air
-
Heating Fuel:
Electric, Natural gas
-
Cooling Type:
Central air conditioning
