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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision East D
MLS Listing ID X12494896
Annual Tax Amount $16,777
Tax Year 2025
Property Sub-Type Investment
Property Description
Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 6 two-bedroom, 2 one-bedroom, and 1 bachelor unit. Fully rented with great tenants, offering stable cash flow and minimal vacancy risk. Prime location near Fanshawe College, Northland Mall, bus routes, and easy 401 access. Gross rental income is $141,291 with an NOI of $94,896. Attractive assumable financing available (approx. 2.69%, subject to lender approval - contact listing agent for details). Perfect for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, coin-op laundry, ample parking, and exterior paint/siding updated in 2022.
Location
Province ON
County Middlesex
Community East D
Area Middlesex
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 75.97
Lot Depth 127.0
Others
ParcelsYN No
Listed by THRIVE REALTY GROUP INC.
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