$419,000

House For Sale In McKellar Park, Thunder Bay, Ontario

$419,000

Property Information:

5 UNIT INVESTMENT PROPERTY***CASH COW***Current Gross Rent $54,996/y + One Vacant Unit($1500) POTENTIAL for $70k+/y). Well-maintained mixed-use investment property featuring a 4-plex plus a small commercial unit on a high-visibility main arterial street. Current rents: Commercial $800/m+hydro. Apt 1 vacant/demolished (prev. $1,127.50). Apt 2 $893/m+hydro. Apt 3 $1,250/m+hydro. Apt 4 $1,640/m+ hydro; Coin-op laundry+ storage in basement (2 entrances). No basement under commercial. 3 parking. 5 Updated Panels 2021*New Interconnected Smoke Alarms* Commercial Roof 2018 *Main Roof 2006* Boiler 2018*Chimney 2018*Windows-Some 2017*New Vanities 2020* Flooring 2021*Hot Water Tank(Owned)2018. Coin-Op Laundry & Storage in Basement wth 2 Entrances. SOLID INVESTMENT OPPORTUNITY***CALL FOR INFO*** With Separate Hydro Meters & Clear Upside Through Renovation & Repositioning, Excellent Opportunity, PERFECT Investor EXCELLENT CASH FLOW* LONG TERM GROWTH***CALL FOR INFO***

Inclusions: Four (4) Fridges, Four (4) Stoves, Coin-Op Washer/Dryer. All in as-is where-is condition.

Exclusions : None

Property Features:

  • Annual Tax Amount: $3,984
  • Access To Property:
  • Basement: Other
  • Construction Materials: Stucco (Plaster)
  • Cooling: Other
  • Foundation Details: Block, Poured Concrete
  • Garage Type: None
  • Heat Type: Other
  • Interior Features: Other
  • Lot Depth: 118 Feet
  • Lot Frontage: 33 Feet
  • Lot Size: 0.09 Acres
  • Lot Size Range Acres: < .50
  • Parking Features: Other
  • Pool Features: None
  • Property Features: Fenced Yard
  • Roof: Other
  • Heat Source: Gas
  • Water: Municipal
  • Sewer: Sewer

Courtesy of: Royal LePage Lannon Realty

Data provided by: Toronto Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved