36 VICTORIA STREET
Asphodel-norwood (norwood), Ontario, Canada

MLS#: X11993786

$945,720 USD

CA$1,299,000 CAD

  • Home/Lot size
    0.09m²  (1ft²)
The details

Property features

Other features

  • Heating system: Electric Forced Air

Area

  • Property size: 0.09m²  (1ft²)
  • Land/Lot size: 3,035m²  (0.75ac)

Description

This well-maintained 6-unit multiplex building in Norwood presents a high-potential, income-generating investment opportunity. Conveniently located near amenities, schools, and public transportation, the property features a desirable unit mix of four 2-bedroom apartments and two 1-bedroom apartments, all of which are currently rented. Tenants are responsible for their own electric heating, keeping utility expenses low for the owner. The building offers practical amenities, including in-building laundry, four lockers designated for the 2-bedroom units, and in-unit storage for one of the 1-bedroom units. With surface parking available, tenants benefit from 12 dedicated parking spots. Additionally, the property holds strong investment potential, with a preliminary plan in place for possibility of constructing another residential building that would mirror the existing structure.Buyer and buyer's agent to do their own due diligence . Situated in a developing neighborhood, this property offers long-term growth and appreciation potential, further enhancing its value as a strategic real estate investment. (id:42016)

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Location

Asphodel-norwood (norwood), Ontario, Canada