If you are looking for an absolutely turn key 12-unit apartment building, this is it. Priced at a 6.2 cap rate. This building has had extensive renovations in the past 5 years. You will not find a better investment opportunity. 9 one-bedroom apts and 2 one-bedroom with dens and 1 two-bedroom with new kitchens, bathrooms, flooring, doors, trim, some new electrical and plumbing, drywall, heating, laundry room, security room, paved parking, appliances, fire and smoke system, and revamped decks. Great downtown Penetanguishene location, walking distance to shopping, restaurants, and a beautiful trail system along the waterfront park on Georgian Bay.Very easy to find quality tenants in this location. Minimum 36 hours' notice to show the building. First visit, we will set up only 3 apartments to give you a good feel of the property. Listing agent must be present for all showings. Financials available upon request. (id:4069)
Address
2 TESSIER DRIVE
List Price
$2,980,000
Property Type
Multi-family
Type of Dwelling
Other
Transaction Type
Sale
Area
Ontario
Sub-Area
Penetanguishene
Bedrooms
13
Bathrooms
12
Floor Area
5000 - 100000 Sq. Ft.
Lot Size
94 x 93 FT Sq. Ft.
MLS® Number
S12567720
Listing Brokerage
Team Hawke Realty
Basement Area
Crawl space (Unfinished)
Postal Code
L9M1V4
Zoning
CG
Site Influences
Marina, Park, Place of Worship, Waterfront, View
Features
Level lot, Flat site, Dry, Paved yard
Amenities
Separate Heating Controls, Separate Electricity Meters
