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$2,295,000
Available - For Sale
Listing ID: X11929529
Looking for a great investment property with 11 fully rented two-bedroom units, and a gross income of $163,000 per year? Look no further than 41 Carleton St. South. Located on a quiet residential street near the canal, you will appreciate the brick exterior, the solid concrete block walls and core slab ceilings throughout the building, and the separate hydro meters for each unit. There are 11 two-bedroom units in total, plus a shared laundry room in the basement, and another room with separate storage lockers for each unit. Five of the units have been extensively renovated in the last three years, complete with beautiful new kitchens and bathrooms, light fixtures, and durable luxury vinyl plank floors. Several others have been partially renovated with new flooring and lighting. So many updates were done in the past five years-the driveway and parking lot (with room for 12 cars) were re-done with new asphalt in 2022, new fence on the driveway side in 2022, new boiler in 2019, carpets were replaced in all the hallways, the main electrical panel was switched over to 12 separate meters (7 units are paying their own hydro so far), all units had their individual electrical panels switched from fuses to breakers, the hallway and stairwell lighting were all switched to LED lights & the emergency exit signs and battery packs were replaced, the plumbing shutoffs for all the units were replaced in the utility room, the back entry door and several patio doors were replaced, and the basement hallway and laundry room were re-painted. Great long term investment, with wonderful tenants. Minimum 24 hour notice for showings.
Price $2,295,000
Taxes: $24,048
Address: 41 Carleton St South , Thorold, L2V 1Z7, Ontario
Lot Size: 82 x 132 (Feet)
Directions/Cross Streets: Ormand St. S. to Portland St. to Carleton St. S.
Rooms: 57
Bedrooms: 9
Bedrooms +: 9
Washrooms: 11
Kitchens: 9
Kitchens +: 2
Family Room: N
Basement: Other
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Kitchen 12.23 8.50
Room 2: Main Living 15.68 10.66
Room 3: Main Prim Bdrm 14.01 10.00
Room 4: Main Br 10.00 8.00
Room 5: Main Bathroom 0.00 0.00 4 Pc Bath
Property Type: Multiplex
Style: Other
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 12
Pool: None
Fireplace/Stove: N
Heat Source: Other
Heat Type: Radiant
Central Air Conditioning: None
Central Vac: N
Sewers: Sewers
Water: Municipal
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RE/MAX NIAGARA REALTY LTD, BROKERAGE

41 Carleton St South , Thorold, L2V 1Z7, Ontario

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MD Ashraful Bari
Broker
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647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Multiplex
Area: Niagara
Municipality: Thorold
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Style: Other
Lot Size: 82.00 x 132.00(Feet)
Approximate Age:
Tax: $24,048
Maintenance Fee: $0
Beds: 9+9
Baths: 11
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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