January 20, 2025 – CFRealty

FOR SALE - This is a wood frame house form building demised with 7 self contained residential apartment suites.  The site is located a short distance from the downtown core in a high demand residential area.  Five of the 7 suites have been totally gutted and renovated with mini split heat pumps, modern kitchens and bathrooms.  The exterior, rear fire escape, windows, roof and common areas were updated in the past years. The NOI is around $80,000 and there is a new first mortgage of around $1.1MM to be assumed running for 10 years.  Asking Price is $1.7MM or a 4.75% cap rate.

Lorenzo Digianfelice

Broker of Record
(416) 417-9098
ldigianfelice@cfrealty.ca

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