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Key Details
Sold Price $1,725,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Subdivision East F
MLS Listing ID X11894325
Sold Date 02/21/25
Style 3-Storey
Bedrooms 11
Annual Tax Amount $22,869
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Rare opportunity to purchase a building like this in the core area. Solid brick 12 unit apartment building. Huge upside potential with rents in the $1350. A month range of value of $2,800,000 at 5% cap rate potential rents of $1600 a month with high end finishes to the units and a projected market value of almost $3,600,000 at a 5% cap rate. Lots of parking in the back parking lot. Solid built building. Roof approx. 8 years old. Located right downtown within walking distance to shops, Victoria park and all amenities. 11 one bedroom apartments and 1 bachelor apartment. Laundry located in lower level.
Location
Province ON
County Middlesex
Community East F
Area Middlesex
Zoning R3-2
Rooms
Family Room No
Basement None
Kitchen 12
Separate Den/Office 3
Interior
Interior Features None
Cooling None
Exterior
Parking Features Lane
Pool None
Roof Type Flat
Lot Frontage 60.0
Lot Depth 166.0
Total Parking Spaces 12
Building
Foundation Concrete
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