535-545 Russell Road Clarence Creek, Ontario K0A 2A0

$4,500,000

Solid investment opportunity for the savvy investor! Priced at 6.4 cap with present-day NOI (current appraisal on file). Room to grow top line revenue on turnover (14 of 20 units remain rented under market rates). Consists of 2 buildings each with 10 units (7 x 2-bedrooms and 3 x 1-bedrooms) for a total of 20 units. Individual units registered as condos (but not operated as such), which opens interesting options for future exit strategies for the experienced investor. All units are individually metered for both heat (natural gas), hydro and equipped with A/C units. Low maintenance units with ceramic and laminate flooring throughout. Interior storage units available for each unit and plenty of parking. Built in 2015. Meticulously managed property by owner operators with pride of ownership. (id:43934)

Property Details

MLS® Number	1405496
Property Type	Multi-family
Neigbourhood	CHENEY
ParkingSpaceTotal	40

Building

ConstructedDate	2015
CoolingType	Central Air Conditioning
ExteriorFinish	Stone, Vinyl
FoundationType	Poured Concrete
HeatingFuel	Natural Gas, Other
HeatingType	Forced Air, Hot Water Radiator Heat
StoriesTotal	3
UtilityWater	Municipal Water

Land

Acreage	No
Sewer	Septic System
SizeDepth	254 Ft ,10 In
SizeFrontage	255 Ft ,8 In
SizeIrregular	255.63 Ft X 254.84 Ft
SizeTotalText	255.63 Ft X 254.84 Ft
ZoningDescription	Rv2-10

https://www.realtor.ca/real-estate/27441826/535-545-russell-road-clarence-creek-cheney