Attractive Parkdale 4 plex with 950+ sq.ft. generous size 2 Bdrm units. Well configured floor plan with large rooms and plenty of storage. All units feature Fridges, Stoves, Dishwashers & In-Suite Laundry. There are 4 Furnaces & HW Tanks. The Tenants pay ALL utilities except small back entrance area that the Owner pays power for. There are 4 Separate Addresses & Private Exterior Entrances plus a rear common area entrance. The Owner has expended over $40,000 on recent upgrades including but not limited to a New Roof, Fence, Several Appliances, 1 New Tub & Surround, 1 Furnace, some new doors, paint, some flooring, etc. This property shows well. There is a Shed & Fenced yard for Privacy and secuirty for the young children. This project enjoys a Great Young Family Tenant Base. A 5.51% cap rate at the current income level and list price. Walking distance to the River Valley. There is a Newer Neighbourhood Strip Mall nearby. This property is on the Bus Route, is minutes to Downtown and located in an Area of very positive transition with many new Condo projects & other construction nearby. Pride of Ownership is Evident. You won’t be disappointed. Do not go direct or disturb Tenants. Please allow 1 ½-2 Days’ notice for viewing. Proforma available on request.
4 Two Bedroom Suites:
4 Identical Generous Size (950 sq.ft.+) Well configured Suites
5 Appliances per Unit:
Each unit has a Full Size Stove, Hood Fan, Fridge, Built in Dishwasher, Washer & Dryer
Tenants Pay Utilities:
Each Unit has it's own Forced Air Furnace and Hot Water Tank. Tenants pay ALL utilities with exception of power in the small Rear Common Area Entrance and the 5th energized stall (which the Owner uses when attending the property) which was only $168 for the past 12 mos. One could rent this additional stall?
The Owners installed a New Fence to provide privacy and security for the Tenant Base of Young Families. The Tenants use this as a playground for their young children as is seen with the Children's toys. Also included is a storage shed.
$40,000 in Recent Upgrades:
Property is well maintained and the Owners keep up with Repairs & Maintenance as Required including but not limited to a new Roof in 2013, Fence in 2014, Appliance Replacements, Appliances, etc, etc..
TREAT AS CLEAR TITLE:
Take advantage of today's low rental rates!
Parkdale is an area of recent and further positive transition. Newer strip mall, newer condo & residential construction as well as building permits taken out. Close to all Amenities, on Bus Route, and minutes to Downtown and the River Valley.
Listing information last updated on February 7, 2016 at 05:39 AM (UTC)