12231 HWY 17, Sturgeon Falls, Ontario, P2B2J5
Investment Opportunity - 4 year old purpose built Triplex - fully rented with great mature tenants. This is a complete ground up build which also included new septic system / drilled well and hydro services coming into the property. This site is just under 2 acres (1.97) and has room for future growth. High quality tenants that take great care of the place and all get along. Room for future rent upside. (3) 2 bedroom units with in-suite laundry & fridge & stove all owned by landlord. R4 High Density Residential Zone (8+ units) will allow for future development on this site. Current NOI of $30,000 annual includes snow removal / repairs & maintenance / lawn care / septic pumpout. Current rents $1,375 inclusive / $1,275 + Hydro / $1,175 inclusive. There will be an opportunity to increase rents over time with turn over. Expenses: Property Taxes $5,500 / Insurance $4,740 / Hydro $3,797 / Snow $974 / Septic $350 / R & M $170 / Lawn $300. (id:2471)
- Property Address: 12231 HWY 17, Sturgeon Falls, Ontario, P2B2J5
- Property Type: Multi-family
- Zoning Description: R4
- Title: Freehold
- Lot Size: 1.97
- Acreage: 1.97 ac|1/2 - 1.99 acres
- Water Type: Drilled Well
- Access: Highway Nearby
- Driveway: Detached Garage
- Total Parking Spaces: 10
- Amenities Nearby: Shopping
- Structure Style: Triplex
- Storeys: 1
- Floor Space: 2700
- Basement Type: Crawl space (Unfinished)
- Heating Type: Electric
- Cooling: None
- Exterior Type: Vinyl siding, Wood
- Country residential
Listing Office: RE/MAX Legend Real Estate Inc., Brokerage (138)
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association. REALTOR®, MLS® and the associated logos are trademarks of the Canadian Real Estate Association. This website is operated by a brokerage or salesperson who is a member of The Canadian Real Estate Association and is licensed to trade residential and/or commercialreal estate. Any out of province listing content on this website is not intended to solicit a trade in real estate. Any consumers interested in out of province listings must contact a person who is licensed to trade in real estate in that province. All information displayed on this website is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate the content of this website.
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.
The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.