Description
Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 6 two-bedroom, 2 one-bedroom, and 1 bachelor unit. Fully rented with great tenants, offering stable cash flow and minimal vacancy risk. Prime location near Fanshawe College, Northland Mall, bus routes, and easy 401 access. Gross rental income is $141,291 with an NOI of $94,896. Attractive assumable financing available (approx. 2.69%, subject to lender approval - contact listing agent for details). Perfect for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, coin-op laundry, ample parking, and exterior paint/siding updated in 2022.
Location Description
Highbury Ave N and Huron St
Property Details
- Community: East D
- Property Type: Tenant/Commercial
- Garages: None
- Annual Property Taxes : $ 16777.55
Building Features
- Parking Type : None
Features
- Heating : Gas Hot Water
Listing Contracted With: THRIVE REALTY GROUP INC.
