Price: 1480000.00 CAD

Contract Status: active

Property Description

Exceptional 8-unit multi-residential investment in the heart of Bathurst Manor! This well-maintained income property offers strong rental potential with landlord-paid utilities and internet. 8 Units, 8 Kitchens, 8 Bathrooms. Unit Breakdown: (2) 3-Bedroom Units; (2) 1-Bedroom Units; (4) Bachelor Units. 6 Parking Spots for tenant convenience. Sewage system updated (2018) + Backwater valve installed-all aluminum wiring has been completely removed,-the electrical system is at least 100 amps for 3 apts and a house itself (with ESA Certificate),-The electrical system consists of breakers Sewage:-100% updated in 2018.-Backwater valve installed-Galvanized/cast iron plumbing even in the drain lines are completely removed Roof: flat, new roof installed in 2020 Windows: plastic, 2002 Alarm: smoke alarms, CM alarms, battery powered Heating: hydronic, boiler-combined metal piping and PEX, fully updated in 2018-furnace: privately owned, newly installed in 2018 Hot water tank for 75 GAL, privately owned, gas powered, installed in 2018.Each apartment has a new kitchen, laminate/tile flooring, bathroom, fully renovated. Hallways: concrete flooring. NO air conditioning. The tenant may install their own window a/c for an additional charge $50/month. 3 OWN coin operated washers, no dryer in the building. Tenants use coin operated dryer in the basement laundry room of the building #60. NO rental items High-demand rental location near transit, schools & amenities. A rare opportunity to own a high-income rental property in a fantastic neighborhood!

Additional Details

• Cross Street: Wilmington / Overbrook
• County/Parish: Toronto
• Zoning: RM(f21;a835*474)