535-545 Russell Road Clarence Creek, Ontario K0A 2A0

Central Air Conditioning Forced Air, Hot Water Radiator Heat

$4,500,000

Solid investment opportunity for the savvy investor! Priced at 6.4 cap with present-day NOI (current appraisal on file). Room to grow top line revenue on turnover (14 of 20 units remain rented under market rates). Consists of 2 buildings each with 10 units (7 x 2-bedrooms and 3 x 1-bedrooms) for a total of 20 units. Individual units registered as condos (but not operated as such), which opens interesting options for future exit strategies for the experienced investor. All units are individually metered for both heat (natural gas), hydro and equipped with A/C units. Low maintenance units with ceramic and laminate flooring throughout. Interior storage units available for each unit and plenty of parking. Built in 2015. Meticulously managed property by owner operators with pride of ownership. (id:37553)

Property Details

MLS® Number 1405496
Property Type Multi-family
Neigbourhood CHENEY
Parking Space Total 40

Building

Constructed Date 2015
Cooling Type Central Air Conditioning
Exterior Finish Stone, Vinyl
Foundation Type Poured Concrete
Heating Fuel Natural Gas, Other
Heating Type Forced Air, Hot Water Radiator Heat
Stories Total 3
Utility Water Municipal Water

Land

Acreage No
Sewer Septic System
Size Depth 254 Ft ,10 In
Size Frontage 255 Ft ,8 In
Size Irregular 255.63 Ft X 254.84 Ft
Size Total Text 255.63 Ft X 254.84 Ft
Zoning Description Rv2-10

https://www.realtor.ca/real-estate/27441826/535-545-russell-road-clarence-creek-cheney

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September 19 2024 06:13:27

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