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$1,299,000
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UPDATED:
02/28/2025 07:29 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Norwood
MLS Listing ID X11993786
Annual Tax Amount $3,888
Tax Year 2024
Property Sub-Type Investment
Property Description
This well-maintained 6-unit multiplex building in Norwood presents a high-potential, income-generating investment opportunity. Conveniently located near amenities, schools, and public transportation, the property features a desirable unit mix of four 2-bedroom apartments and two 1-bedroom apartments, all of which are currently rented. Tenants are responsible for their own electric heating, keeping utility expenses low for the owner. The building offers practical amenities, including in-building laundry, four lockers designated for the 2-bedroom units, and in-unit storage for one of the 1-bedroom units. With surface parking available, tenants benefit from 12 dedicated parking spots. Additionally, the property holds strong investment potential, with a preliminary plan in place for constructing another residential building that would mirror the existing structure. Situated in a developing neighborhood, this property offers long-term growth and appreciation potential, further enhancing its value as a strategic real estate investment.
Location
Province ON
County Peterborough
Community Norwood
Area Peterborough
Zoning R3
Interior
Cooling No
Inclusions All existing appliances , all ELFs
Exterior
Utilities Available Yes
Lot Frontage 77.14
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Listed by CENTURY 21 INNOVATIVE REALTY INC.