C$2,495,000

Excellent investment opportunity, building with 12 rental units! 1 owner for the last 45 years! Standard unit rents are $1,491/month plus $70/month water, with tenants paying their own separately metered gas and hydro. The Water Guy pays $1,850/month total rent. Building insurance is $8,523/year and 2026 property taxes are $36,582.80. No A/C; individual unit heaters are replaced as needed, with the most recent replaced approx. 2 months ago. Roof is believed original (circa 1979) and rated average condition in the Nearhood Appraisal, which also notes the building is in good condition with quality workmanship and construction. Historically averages approx. 2 vacancies per year, consistent over the past 2 years. (id:41202)