Description

Located in a prime location, this 8-unit income property presents an excellent investment opportunity. Positioned on a corner lot, it offers high visibility and easy access for tenants. Ideally situated across from a school, close to public transportation and shopping centers, it ensures strong rental demand and a convenient living environment. Well-maintained and generating stable rental income, this property is a great choice for an investor looking for a profitable and well-located asset.

+ 5 x 4 ½ and 3 x 3 ½, well-divided units with stable
tenants.
+ Electricity and heating are paid by the tenants.
+ Several improvements have been made to the units.
+ Excellent tenants, reliable, easy to rent, with great
potential for income increase.
+ Rental income will be $78,720 per year starting July 1,
2025.
+ The 8 water heaters are in the basement.
+ Water heaters #2, #3, and #4 are leased at a cost of $15
per month per unit, paid by the owner and included in the
leases.
+ Water heaters for apartments #1, #5, #6, #7, and #8 are
the responsibility of the tenants.
+ The former owner removed the underground oil heating tank
in 2011. A Phase 2 environmental site assessment was
conducted for this purpose. No contaminants were detected.
Phase 2 report available for consultation.

Renovations and Maintenance
- Roof (2002)
- Bathrooms renovated in units #2, #3, #4, #5, and #6
- 7 rear doors replaced
- Rear staircase and railings (2012)
- Bathroom ventilation updated in units #2, #3, #4, #6, and
#8
- Kitchen ceramic tiles installed in units #3, #4, #6, and
#8
- Kitchen countertops updated in units #2, #3, #6, and #8
- Floating flooring installed in units #3, #6, and #8
- Vinyl flooring installed in units #5 and #7