Opportunity Knocks! Located in the center of town this 3-unit building could be a 4 unit, as the retail store has been taking out you can add as an extra located on the main level, a laundry room in the lower level with coin operated machine . There are three apartment units (two 2-Bedroom units and a 1-Bedroom unit). Rent , there are no leases all tenants are now on a month to month Apt.# 1 $1300.00 on monthly lease Apt.#2 $1100 00 Apt.#3 (21 years tenant) pays $800.00 but easily increases to 1000.00 by new owner. Every unit can be increased to generate a mush higher yearly Both 2 bedrooms could be rented at $1,500 and the one bedroom at $1000 Tenants are long time tenant, for 9 years for one of the 2 bedroom and 21 years for the 1 bedroom Increasing the rent to closer to todays market the total yearly rent would be $48,000.00 (27112780)
Downtown off of Dundonald Street to Westmorland Street
Property Type
Multi-family
Annual Property Taxes
$8,303.29 (CAD)
Time on REALTOR.ca
33 days
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