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23
BEDROOMS 12
BATHROOMS 12
KITCHENS 47
ROOMS X14101536
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Property Description
Turnkey investment opportunity with strong cash flow located on a quiet street just off Lakeshore dr. Total of 12 Units (11-2 Bedrooms/1-1 Bedroom) This turnkey 12-unit residential purpose built complex delivers immediate cash flow and has seen major renovations to every unit including all kitchens, bathrooms, flooring, trim, lighting, paint and more. Cap rate at 6.27%, Gross rental income is $305,709.12 with expenses (including management, vacancy, and maintenance) estimated at $86,470, resulting in a solid net income before financing of $219,239. Other notable features are: All rents plus hydro, hot water boiler system, 13 parking spaces and security doors. Within walking distance bus route on Lakeshore dr, restaurants, shopping mall, Shoppers Drug mart, Cineplex and Lake Nipissing access close by. Immediate cash flow after mortgage payment plus significant principle recapture makes this a solid investment opportunity. Photos are previous to tenants moving in.
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Property Features
Beach, Public Transit, Rec./Commun.Centre, School Bus Route, School, Park, Water Heater, Private
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Property Details
Property Type
Multiplex
Lot Size
123' x 125'
Taxes
$28,800 (2026)
Basement
None
Exterior
Controlled Entry, Year Round Living
Heat Type
Water
Heat Source
Gas
Water
Municipal
Parking Spaces
13
Garage Type
None
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Listing contracted with Realty Executives Local Group Inc. Brokerage
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