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$1,989,000
Available - For Sale
Listing ID: X12501830
FULLY RENOVATED 6- UNIT APARTMENT BUILDING + APPROVED DEVELOPMENT SITE. An exceptional investment opportunity in OLD NORTH. This fully renovated six-unit apartment building offers immediate cash flow and future development potential. Existing building features 5 x 2 bedroom + 1 x 1 bedroom. Completley renovated to drywall and floor to ceiling. Luxury contemporary kitchens with quartz countertops, and 3 stainless steel appliances per suite. Luxury baths with full tubs and vanities with quartz countertops. High end light fixtures, tile and flooring throughout suites and common areas. Electric fireplaces in all units. Security controlled entry with video doorbells. New electrical, plumbing, and high eff. boiler system. New eff. windows throughout. Exterior: new sidewalks and asphalt parking lot and driveway. Annual income of approximately $126,000. Turnkey investment - strong rental performance with minimal maintenance. Location benefits- prime location on the edge of Old North. Close to shopping, transit, parks, and school. High demand rental area with long term growth potential. Contact your Agent today to schedule a viewing or request full development plans. This is a rare opportunity to secure a high performing asset with built in expansion potential.
Price $1,989,000
Taxes: $10,544.52
Occupancy by: Tenant
Address: 894 ADELAIDE Street North , London East, N5Y 2M5, Middlesex
Acreage: .50-1.99
Directions/Cross Streets: Grosvenor and Cheapside
Rooms: 23
Rooms +: 0
Bedrooms: 8
Bedrooms +: 3
Washrooms: 6
Family Room: F
Basement: Full
Finished
No. of Pieces Level
Washroom 1:  3 Lower
Washroom 2:  3 Second
Washroom 3:  3 Third
Washroom 4:  0
Washroom 5:  0
Washroom 6:  3 Lower
Washroom 7:  3 Second
Washroom 8:  3 Third
Washroom 9:  0
Washroom 10:  0
Washroom 11:  3 Lower
Washroom 12:  3 Second
Washroom 13:  3 Third
Washroom 14:  0
Washroom 15:  0
Washroom 16:  3 Lower
Washroom 17:  3 Second
Washroom 18:  3 Third
Washroom 19:  0
Washroom 20:  0
Washroom 21:  3 Lower
Washroom 22:  3 Second
Washroom 23:  3 Third
Washroom 24:  0
Washroom 25:  0
Property Type: Multiplex
Style: 3-Storey
Exterior: Brick
Concrete
Garage Type: None
(Parking/)Drive: Private, O
Drive Parking Spaces: 8
Park #1
Parking Type: Private, O
Park #2
Parking Type: Private
Park #3
Parking Type: Other
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 3000-3500
Property Features: Hospital
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Baseboard
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
Utilities-Hydro: Y
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
SUTTON GROUP - SELECT REALTY

894 ADELAIDE Street North , London East, N5Y 2M5, Middlesex

Personal Picture
MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Multiplex
Area: Middlesex
Municipality: London East
Neighbourhood: East C
Style: 3-Storey
Lot Size: x 282.32(Feet)
Approximate Age: 51-99
Tax: $10,544.52
Maintenance Fee: $0
Beds: 8+3
Baths: 6
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

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

 

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