292 ALTHA AVENUE

Property ID: 1213492

292 ALTHA AVENUE

292 ALTHA AVENUE

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  • beds
  • bath0
  • garage8

Description

Updated 4-Plex located in an area great for investment. All units have in suite laundry, updated bathrooms, and beautiful kitchens. There has been multiple other upgrades including: 3 units newly renovated, new flat roof in 2019, and new boiler chimney liner. Unit 1 lower level is on a lease for $1440/month, unit 2 upper level is month-to-month for $745/month, unit 3 upper level is on a lease for $1575/month, & unit 4 lower level is on a lease for $1390/month. Each tenant pays their own hydro. There are a total of 8 parking spots currently bringing in aprox. $5,000, but currently not rented at full capacity. Current cap rate is high which makes this a no brainier investment. This property sits on a unique R5 zoning, which allows for possible future redevelopment or expansion. (id:21126)

Property Location

Data Provided by REALTORS® Association of Canadian Real Estate

Last Modified: Mon, 19 Oct 2020 23:11:44 GMT

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