Multiplex 12 housing units very well located, close to all services (hospital, schools, shopping center, grocery store, bike path, public transportation, etc.) All 3 1/2.
The apartments are all rented and there are always customers waiting. Rent prices are still low and there are possibilities to increase them. There is even a possibility of building a 1 1/2 to add interesting income. All electrical panels have been changed to new ones with breakers. A fire system was also installed in 2023 throughout the building. The rear balconies were changed in 2019. There is a small paid laundry room in the building. The roof redone in 2017. CAUSE OF SALE: the owner is retiring in less than two years and he wants to enjoy life!
Expenses:
Municipal taxes 2023: $14,163.60
School taxes 2022-2023: $910.47
Insurance: $6,119.26 Snow
removal: $971.54
Hydro 2022: $759.53/Year
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12-unit multiplex very well located, close to all services (hospital, schools, shopping center, grocery store, bike path, public transport, etc.) All 3 1/2. The apartments are all rented and there are always customers waiting. The prices are still low and there are possibilities to raise them. There is even a possibility of building a 1 1/2 to add interesting income. All electrical panels have been changed to new with breakers. A fire system was also installed in 2023 throughout the building. The rear balconies were changed in 2019. There is a small paid laundry room in the building. The roof was redone in 2017. CAUSE OF SALE: the owner is retiring soon;)
Expenses:
Municipal taxes 2023: $14,163.60
School taxes 2022-2023: $910.47
Insurance: $6,119.26
Snow removal: $971.54
Hydro 2022: $759.53/Year
6+
6+