Overview

Rare offering of Purpose-built 8 plex with TOC-1 zoning just a short walk from Gage Park. Excellent opportunity to increase gross income, and produce tremendous cash flow & Refinance (BRRR). Will break even or cash flow slightly as-is. Large & Spacious Units with balconies are all rented to paying tenants & in fair condition, cosmetic improvements will drive rents much much higher. Mechanicals are in great shape, parking for 4-6 cars at the rear. VTB may be available to qualified Investors, please contact Paul for details & questions.

Purpose Built 8 unit building 2 X 1 bedroom 6 X 2 bedroom Located within Transit Oriented Corridor (TOC-1) Zoning certificate indicates 7 recognized units

  • Each unit is on average 950 (+/-) SQFT
  • Front private balcony + rear balcony’s
  • Parking in the rear can accommodate 4-6 vehicles, depending on how arranged
  • 2 storage facilities in the basement can be leased for 50-100/m.
  • Coin-operated washer/dryer in basement generating an average of $150 per month
  • General maintenance of the building including corridor /general cleaning, garbage removal, snow clearing, grass cutting, Etc. is completed by an on-site Janitor who lives in Unit A and is paid $200 per month. The arrangement can be canceled at any time.

Building improvements:

  • Updated windows
  • Updated roof
  • Updated electrical (with the exception of Unit #1) – Updated hot water tanks, rentals

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