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$ 4,100,000
Est. payment | /mo
24 Beds
10 Baths
11,128 SqFt
$ 4,100,000
Est. payment | /mo
24 Beds
10 Baths
11,128 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 11,128 sqft
Price per Sqft $368
Subdivision 52 - Preston North
MLS® Listing ID 40734064
Bedrooms 24
Property Sub-Type Freehold
Source Cornerstone - Waterloo Region
Property Description
An outstanding chance to own a fully renovated 10-unit townhome complex in a highly desirable location — all under one title with strong cash flow and condo conversion potential. This turnkey property features a mix of six 2-bedroom and four 3-bedroom units, each offering spacious layouts, private rear entrances, and finished basements for added living space. 18 parking spaces on the property for tenants. Renovated from top to bottom in 2020, every unit includes modern kitchens and bathrooms, flooring, appliances, and enhanced fire safety systems. Each townhome is separately metered for gas, water and electricity, with their own furnace, central A/C, hot water heater, and in-suite laundry — ensuring convenience for tenants and lower operating costs for owners. Tenants are responsible for paying their own utilities. The owner is responsible for hallway lighting and cleaning, waste removal, snow clearing, landscaping, and insurance. Currently generating over $23,000 gross rent per month (Average rent is $2,305) this well-maintained complex offers a strong return in a growing rental market. Whether you're looking to expand your portfolio or secure a low-maintenance asset with market rents - this property is a rare find and worth a closer look. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 18
Private Pool No
Building
Story 2.5
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Royal LePage Wolle Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4145 North Service Rd Unit: Q 2nd Floor L7L 6A3, Burlington, ON, Canada