Description
This is the Investment Property you have been looking for. Very Unique Opportunity to own a 4Plex with amazing River Views. Located Minutes to downtown and in Riverdale on a HUGE lot 50 x 215 Ft Lot. ZONED RF5 Current rents do not reflect the Current rental rates in this Neighbourhood. 4 Separate titles, Units are already part of a Condo plan - Current owner has not put the Condo plan in place for a Reserve and or monthly contributions. Huge Units Unit# 1, 1005 Sq ft, Unit #2 1018 Sq ft, Unit# 3 829 Sq ft, Unit# 4 848.85 Sq ft. Rents are $4450 per month in total. Owner pays Heat and Water. Property features a Boiler system. Excellent opportunity for Future development. Property is being sold for Income and land VALUE not based on a Cap Rate. Coin Laundry and a separate detached Double Garage.
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10BEDS
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N/AACRES
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4BATHS
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01/2 BATHS
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3,702SQFT
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$216$/SQFT
Description
This is the Investment Property you have been looking for. Very Unique Opportunity to own a 4Plex with amazing River Views. Located Minutes to downtown and in Riverdale on a HUGE lot 50 x 215 Ft Lot. ZONED RF5 Current rents do not reflect the Current rental rates in this Neighbourhood. 4 Separate titles, Units are already part of a Condo plan - Current owner has not put the Condo plan in place for a Reserve and or monthly contributions. Huge Units Unit# 1, 1005 Sq ft, Unit #2 1018 Sq ft, Unit# 3 829 Sq ft, Unit# 4 848.85 Sq ft. Rents are $4450 per month in total. Owner pays Heat and Water. Property features a Boiler system. Excellent opportunity for Future development. Property is being sold for Income and land VALUE not based on a Cap Rate. Coin Laundry and a separate detached Double Garage.
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