$1,275,000
$1,349,900
5.5%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
6 Baths
SOLD DATE : 01/14/2025
Key Details
Sold Price $1,275,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 3500-5000
MLS Listing ID X10406018
Sold Date 01/14/25
Style 2-Storey
Bedrooms 12
Annual Tax Amount $9,508
Tax Year 2024
Property Description
ATTENTION VALUE-ADD INVESTORS! This purpose built sixplex currently consists of large 2 bedroom units generating $83k/yr in gross income. With a design to renovate and optimize this property adding 4 additional units, this property could generate over $211k/yr in gross income. This project is also a great opportunity to take advantage of the CMHC MLI Select program offering competitive interest rates and 40+yr amortizations. As per Bill 23 in Ontario any projects 10 units and under are exempt from site-plan approval. This project has not yet applied for permit but preliminary discussions with the city have been positive. Buyer to do their own due diligence. Reach out today for more information and for current and projected financials.
Location
Province ON
County Waterloo
Area Waterloo
Zoning R2
Rooms
Family Room No
Basement Finished
Kitchen 6
Separate Den/Office 4
Interior
Interior Features Water Heater, Water Softener, Carpet Free
Cooling None
Exterior
Parking Features Private
Garage Spaces 10.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 75.0
Lot Depth 165.0
Total Parking Spaces 10
Building
Foundation Poured Concrete
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