Description

Purpose built, 11 unit apartment building available in Pond Mills. Completed in May 2018 and fully leased with five, 1-bedroom units and six, 2-bedroom units. This property is very well maintained with no deferred maintenance. The tenants on the first and second floor pay personal hydro and the lower level 1-bedroom units are all-inclusive. Landlord pays the water for the entire building. Current rental income is $205,740 / year. All units have in-suite stacking washer/dryer units. There is one, fully accessible unit on the first floor. Parking for 16 vehicles. Existing financing may be assumable to qualified Buyer.