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Asphodel-norwood,ON K0L 2V0
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Norwood
MLS Listing ID X11993786
Annual Tax Amount $3,888
Tax Year 2024
Property Sub-Type Investment
Property Description
This well-maintained 6-unit multiplex building in Norwood presents a high-potential, income-generating investment opportunity. Conveniently located near amenities, schools, and public transportation, the property features a desirable unit mix of four 2-bedroom apartments and two 1-bedroom apartments, all of which are currently rented. Tenants are responsible for their own electric heating, keeping utility expenses low for the owner. The building offers practical amenities, including in-building laundry, four lockers designated for the 2-bedroom units, and in-unit storage for one of the 1-bedroom units. With surface parking available, tenants benefit from 12 dedicated parking spots. Additionally, the property holds strong investment potential, with a preliminary plan in place for possibility of constructing another residential building that would mirror the existing structure.Buyer and buyer's agent to do their own due diligence . Situated in a developing neighborhood, this property offers long-term growth and appreciation potential, further enhancing its value as a strategic real estate investment.
Location
Province ON
County Peterborough
Community Norwood
Area Peterborough
Zoning R3
Interior
Cooling No
Inclusions All existing appliances ,all ELFs
Exterior
Utilities Available Yes
Lot Frontage 77.14