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20-28 Carraway Crescent South Dundas, Ontario K0C 1X0

5,490 ft2
Baseboard Heaters

$940,000

RESIDENTIAL 5-PLEX with below market rents creating lots of potential upside for the patient investor. Each of the 5 townhomes have a separate PIN identifications (see Document section) with the required R-Plan legal survey, but the Estate's listing condition(s) state that the property will only be sold as a block of 5-three bedroom residential units; the buyer/investor must assume all tenants; the Estate will not serve any Notices on behalf of a buyer under any circumstance under RTA; once the potential buyer has reviewed the I/E statement provided by the Estate it will be possible to inspect just one of the townhomes (all units have same typical layouts); and finally once a conditional offer is accepted by the Estate all units will be made available for inspection provided the RTA guidelines are respected for additional showings. The estimated net cash flow for the 5 units before any debt service or depreciation in 2024 is estimated to be approximately $19,000 based on current rents and expenses (see your agent for further details). Seller requires "As Is" SPIS signed & submitted with all offer(s) and requires 3 full business days irrevocable to review any/all offer(s). (id:43934)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X12259134
Property Type Multi-family
Community Name 701 - Morrisburg
Features Irregular Lot Size

Building

Age 31 To 50 Years
Heating Type Baseboard Heaters
Size Exterior 5490 Sqft
Size Interior 5,490 Ft2
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Size Depth 92 Ft
Size Frontage 107 Ft
Size Irregular Bldg=107 X 92 Ft ; See Listing Brokerage/survey
Size Total Text Bldg=107 X 92 Ft ; See Listing Brokerage/survey
Zoning Description Residential

https://www.realtor.ca/real-estate/28550910/20-28-carraway-crescent-south-dundas-701-morrisburg

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