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Excellent Investment Property In New Toronto. Building Shows Very Well And Features 3417 Sq.Ft Of Main Commercial Space Leased To The Same Tenant For The Past 22 Years & 5 Apartments (3 X 2 Bdrms, 1 X 1 Bdrm & 1 Bachelor) Plus over 3400 Sq.Ft Of Basement Space Not Included In Sq Footage.
Property Is Fully Leased With Approx $101,000 In Gross Income & just Over $77,000 In Net Income. The Building Is Very Well Kept & Has Potential For Extra Revenue.
Property has Very Stable Tenants. Great ROI At 8.30% Cap Rate & Potential To Increase Income. Includes 5 Fridges, 5 Stoves, 5 H.W.T(Owned) & 1 Commercial Washer & Dryer. Half Of The Roof Redone In 2009.
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