1500-2000 ft² Living space area (basement exclu.)
This is an excellent investment opportunity! Live in one unit and rent the other three units! One title and four units stand alone! This fully renovated and upgraded, well maintained multi-family property, fourplex - condo-style (4 stand-alone apartments) it is a finished bi-level multi-family property, located conveniently to all amenities and contains 1 apartment of 1 bedroom and 3 apartments of 2 bedrooms, common area laundry with individually assigned washer dryers for each apartment, private assigned interior storages, property shed, and 4 parking stalls with the plug-in. In May 2019, commercial water on demand system was installed. In Nov 2021 the windows have been replaced for apt 2 and apt. 3. The windows for apt 1, and apt 4 will be replaced in Ap 2022 (already ordered paid delivery takes 8-12 weeks) The monthly rental income is $2,900. There is a guaranteed 5.5% CAP rate along with long term months lease agreements, great tenants, and steady income. The residents are responsible for TV/cable, telephone, and utilities - water and power. The property renovation cost over $75,000, which includes new roof, new eavestrough; new downspouts, new balconies - landing and railings, painting of exterior building and interior common area; dishwasher and washer-dryer for all units, and many upgrades mechanical and plumbing, painting, light fixtures, outlets, faucets, toilet bowls and flooring, tankless water heater. Each unit includes a fridge, stove, hood fan, and window coverings. The property is “tenant occupied” and appointments for view will be required as tenants should be notified according to RTA. There are no fire orders, bylaw infractions or/and lean on the property. Photos or/and videos are not permitted during the showings.
CENTURY 21 BRAVO REALTY
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Annual and Monthly costs
Summary of Expenditures
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