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$728,000
Est. payment /mo
9 Beds
9 Baths
UPDATED:
12/20/2024 08:33 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
MLS Listing ID X11898941
Style Other
Bedrooms 9
Annual Tax Amount $10,804
Tax Year 2023
Property Description
This 8-unit property, situated at the intersection of Dundas St and Oakland Ave, offers incredible potential for savvy investors. With a gross income of $66,168 (projected to increase to $73,368) and a net income of $33,372 (projected to grow to $40,572), this property is a true income-generator. Each of the 8 units has its own meter, providing excellent opportunities for future landlords to boost profitability. The building comprises five one-bedroom units, one bachelor unit, and two two-bedroom units, all fully rented. Additional features include five parking spots and a single-car garage, which can be rented for extra storage income. The basement under 1265 is unfinished and includes a 2-piece bathroom, with plumbing in place to add laundry facilities. The remaining space can also be rented as a workshop or storage area for added revenue. Properties like this are rare at such an attractive price. Don't miss your chance to own this 8plex and take advantage of its income potential!
Location
Province ON
County Middlesex
Community East M
Area Middlesex
Zoning AC4 R2
Region East M
City Region East M
Rooms
Family Room No
Basement Partial Basement
Kitchen 8
Interior
Interior Features Water Heater Owned
Cooling None
Inclusions 8 Fridges, 8 Stoves
Exterior
Parking Features Private
Garage Spaces 4.0
Pool None
Roof Type Asphalt Shingle,Flat
Total Parking Spaces 4
Building
Foundation Block
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Listed by CENTURY 21 FIRST CANADIAN CORP
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