Message Number427129
statusActive
Subject LineSOLD! Elmira - Solid Construction Concrete Apartment Building! $131,400 Annual Gross Income available here! Unbeatable Price per Unit!
Business area
Canada
Ontario
Southwestern Ontario
Location, City15 Killdeer Road, Elmira
Have/WantHave
Business categoryApartment buildings/multi unit/condo townhouse projects/investments
Date of ListingJuly 8 2024
CommentsClassic walk up, twelve plex apartment building beckons for your immediate attention! Concrete (cast / block masonry) building. Can not build for list price. Very few come available on MLS in Elmira - maybe one every five or six years. Take the risk out of this purchase: building comes to you very well documented with a Pinchin Phase I Environmental (2024, clean), Pinchin Building Condition Assessment (2024). Life Safety Systems Update / Certificate (2024). Opportunity to increase rents significantly over time. Property may qualify for CMHC MLI Select program under the Affordability Criteria ? with the best rates and amortizations currently available. Individual electrical meters, tenants pay electricity. Cap ex: modernized hallways with carpet tile, commercial water heaters (2023), sloped asphalt roof (2017). Building's back windows (2020), Building's front windows (2015/2016 approximately). Balcony doors (2019/2020) Great low density rental area. Good tenant profile. Easy building to add to your existing portfolio. Opportunity abounds! Call your favourite REALTOR today and let's book a showing.
Internet Links

Feature Sheet

ControlMLS
NameMike Milovick
TitleBroker
Company NameRoyal LePage Wolle Realty
Address Line One7A, 180 Northfield Drive West
CityWaterloo
State/ProvinceOntario
Zip/Postal CodeN2H 0C7
CountryCanada
Business Phone Number(519)747-2040
Cell Number519-747-2040
Home Number519-747-2040
FAX Number519-747-2081
Email AddressSend Email
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