This 4 family has possibly 5 units, some hardwood floors, lots of off-street parking, garage near bus route, close to schools, and has some nice spacious units. Rents are $850, $725, $550, $550, and $500. Heat is included in rents. Total rental income - $38,100. Taxes - $5,453, Insurance - $1400, Heating - $4000, Electricity - $2500, and Water/Sewer - $2500. Approx. expenses - $15,859. Approx. Net income - $22,241. This is a good investment building that is work a look! Good cap rate!Vendor would consider trading the multi-family for a single family home in a similar price range. Property can be purchased for $250K with another property located at 159 St John. (1928156)
Property Type
Single Family
Land Size
5005 SQFT|under 1 acre
Annual Property Taxes
$5,459 (CAD)
Time on REALTOR.ca
4107 days
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