Address
12231 HWY 17 Sturgeon Falls, ON
Price
$ 599,900
Property Attributes
  • ID#40179700
  • TypeMulti-Family
  • CitySturgeon Falls
  • Postal CodeP2B 2J5
  • StyleTriplex
  • Price$ 599,900
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2700
Listing Provided Courtesy Of:
Sohail Rouhani with RE/MAX Legend Real Estate Inc., Brokerage (138)
Data Source:
RLP - CREA EN
Property Description

Investment Opportunity - 4 year old purpose built Triplex - fully rented with great mature tenants. This is a complete ground up build which also included new septic system / drilled well and hydro services coming into the property. This site is just under 2 acres (1.97) and has room for future growth. High quality tenants that take great care of the place and all get along. Room for future rent upside. (3) 2 bedroom units with in-suite laundry & fridge & stove all owned by landlord. R4 High Density Residential Zone (8+ units) will allow for future development on this site. Current NOI of $30,000 annual includes snow removal / repairs & maintenance / lawn care / septic pumpout. Current rents $1,375 inclusive / $1,275 + Hydro / $1,175 inclusive. There will be an opportunity to increase rents over time with turn over. Expenses: Property Taxes $5,500 / Insurance $4,740 / Hydro $3,797 / Snow $974 / Septic $350 / R & M $170 / Lawn $300. (id:27)

General Features

Parking Spaces 10

Exterior Features

Lot Frontage 412.0
Jumpid 16415051
Mls 40179700

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in P2B 2J5

Price
AVG $600K
$600K
Visits
AVG 4
3