Property Description
Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 8 one-bedroom units and 1 bachelor unit. Fully rented with reliable 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 $133,755 and an NOI of $95,570. Ideal for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, new roof, new parking lot, coin-op laundry, ample parking, and exterior paint/siding updated in 2022. (id:63357)
Property Details
- Property Type
- Multi-Unit
- Living Area
- 5,000 sqft
- Status
- Active
Location & Neighborhood
Explore what's nearby 153 GODFREY DRIVE
- 0.2 km
Huron east of Highbury EB
10092527 - 0.3 km
Huron East of Highbury WB
100825 - 0.3 km
Huron at Webster Stop 1 EB
102115A15B25+1 - 0.4 km
Huron at Webster WB
102215A15B25+1 - 0.5 km
Highbury at Hillcrest SB
91225
Listing Courtesy of
THRIVE REALTY GROUP INC.
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