Great opportunity for Investment. Purchase a 12 Unit Apartment Building. The property currently has approximately 2 Acres of Land, included, of which the owner is in the process of zoning and severing for a proposed 14 unit Apartment Building. The building can be purchased with or without the extra acre + of land. Price is based on 5.5% cap rate on CMHC income and expense standards. Common area water & sewer $5,331/yr and Hydro $1,516/yr. Tenant pays utilities. Common are payable by Owner. (id:56069)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X12636902 |
| Property Type | Multi-family |
| Community Name | Macaulay |
| Cooling Type | None |
| Heating Type | Baseboard Heaters |
| Size Interior | 2 Acres |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | Yes |
| Size Irregular | 2.023 |
| Size Total | 2.023 Ac |
| Size Total Text | 2.023 Ac |
| Zoning Description | R4, Ep1 |
https://www.realtor.ca/real-estate/29190129/25-alexandra-street-bracebridge-macaulay-macaulay
Contact us for more information
Bruce Brown
Salesperson
(705) 726-3871
(705) 726-8260
edlowerealestate.com/
Carole Perron
Salesperson
(705) 739-1300
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