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$ 724,900
Est. payment | /mo
4 Beds
$ 724,900
Est. payment | /mo
4 Beds
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 22 - East Of Sir John A. Blvd
MLS Listing ID X12473303
Bedrooms 4
Annual Tax Amount $4,568
Tax Year 2024
Property Sub-Type Investment
Property Description
Legal non-conforming triplex in a prime location perfect for capturing top market rents. Each unit has in-suite laundry and dedicated parking, making it easy to rent and manage. The building is in excellent condition with numerous recent upgrades including plumbing, electrical, furnace, roof, windows, soffits, and eaves. Featuring high ceilings and exposed brick, all units show beautifully. The property includes two 1-bedroom units and one 2-bedroomunit. Unit #1 (1 bed) rents for $1,600/month, Unit #3 (1 bed) rents for $1,600/month, and Unit #2 (2 bed) rents for $1900/month. Total gross income is $61,200/year, with estimated annual expenses of $12,440, for a NOI of $48,760. Market Rent increases could comfortably raise the net to closer to $55,000. A well-maintained, cash-flowing investment with wonderful tenants and strong rental appeal. Call, text, or email to book your showing.
Location
Province ON
County Frontenac
Community 22 - East Of Sir John A. Blvd
Area Frontenac
Rooms
Kitchen 3
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 25.0
Lot Depth 100.0
Building
New Construction false
Others
ParcelsYN No
Listed by RE/MAX RISE EXECUTIVES, BROKERAGE