Attractive investment property with three, 3 bedroom units and one one bedroom. Lovely balconies overlooking vibrant community of Little Italy. Close to Plant community center, parks and LRT, Pisimi Station for easy transport to the down town.
Efficient Gambrel roof design. Stucco on brick exterior. Balconies rebuilt 2012, High ceilings. Fire Retrofit 2007, New Shingle roof 2013, Newer windows Apts 1 & 2, Electrical panels upgraded to 4 x 100 Amp 2011, Occupancy permits from the City for all four units, Viessmann gas boiler upgraded 2006, Tenants pay hydro, Basement rent includes hydro, laundry conveniently located up the street. Potential for parking at the back for 3 small cars. Large back yard with storage shed. Great potential for additional storage facilities at the back of the property. Concrete Retaining wall in place since 2001 and in solid condition. Leases are lower than market rents & could be increased. I like the large interior spaces with old world moldings. Annual rental income is $47,268. Net operating income $34,333.
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Landlord pays rental on 3 HWT tanks one is owned. Electric meters located on south wall of the basement apartment bedroom. Survey available 2003.
