Picton ( Ontario, CA - K0K 2T0 ) Built

$5,149,900

Cityscape Real Estate Ltd.,Brokerage

Mohammad Mian, Broker Mohammad Mian, Broker 905-241-2222 (Office) 416-414-6875 (Cell) 905-241-3333 (Fax) Request More Info

  • Type: Commercial
  • Style: Commercial " storey building with 24 units"
  • Bedrooms: 59 "24 units total - ( 11 two bed units, 12 three bed, 1 one bed)"
  • Bathrooms: 24
  • Development Level: Built
  • Lot Size: 100.03ft x 349.11ft
  • Year Built: 2019 "Approx"
  • Taxes: $50,000.00 (2019)
  • MLS ® #: 1180061

Description

Investment property with 24 fully occupied apartment units in the beautiful community of Picton Ontario, Prince Edward County. Comprised of 1 x one bedroom, 11 x two bedrooms, and 12 x three bedrooms apartment units. Efficiently built building with an Elevator. Each unit has its own ERV's and Hot Water Tanks. 24 hydro meters, tenants pay their own in-unit hydro costs. 30 parking spots plus 2 disabled parking spots. 40-year fiberglass shingles. Fridge, stove & dishwashers in every apartment unit included. Laundry facilities equipped with rented coinamatic Income generating machines on each floor. 100% tenanted! Great management team and live in superintendent in place! Located a short distance from grocery stores, shopping, the Prince Edward County Memorial Hospital & the famous Sandbanks Provincial Park.

Attachments

Highlights

  • Estimated Gross Revenues $404,340.00 Total Operating Expenses $131,171.00 Estimated Net Operating Income $273,169.00 Estimated CAP Rate: 5.3%
  • Parking: 32 Incl. Plus Visitors & Disabled Heating: Baseboard Electric Chattels: 24 Fridges, 24 Stoves, 24 Hood fans, 24 Dishwashers, 24 ERV’s, 25 Hot Water Tanks.

Features

Heating

  • Electric Baseboard
Brokered and Advertised by : Capital Homes Realty Inc., Brokerage
P2#369426656
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