This is a fantastic opportunity to own a turn key 8-unit investment property, with phenomenal cash flow! Perfectly situated only steps from Lebreton Flats, Little Italy and Chinatown, in a community filled with a diversity of restaurants, cozy cafes and all the amenities of living downtown. Public transit is within a block with quick access to the LRT station which runs through Lebreton Flats. Gross income of $138k with an NOI of $100k . This is an outstanding investment opportunity at a 6.3% cap rate. This building is well maintained and in great condition with recently renovated units and a solid tenant base comprised primarily of young professionals. This building is extremely easy to manage and boasts a cooperative relationship between the owner and the tenants. All units are located above-grade and comprised of 3 spacious and bright two-bedroom units, two one-bedroom units and three bachelor suites. The impressive top floor two-bedroom unit was recently fully renovated with a new kitchen, new bathroom, full interior painting, new laminate flooring and fixtures throughout. A profitable coin operated laundry is in the basement with ample storage space for tenants. The property sits on a 71 x 46 lot with R4UB zoning and the spacious side lot (which currently holds 7 parking spaces) offers the potential for future development opportunity to add additional units.

www.newhoperealty.ca/ON/4205---west-centre-town/k1r6s2/13407410-MLS-X11960040-na-4-Eccles-St

Jon Cakpo
Realtor
Power Marketing Real Estate Inc. Brokerage
For More Information Call 613-777-8937
Whatsapp: 613-413-5781
Not Intended to Solicit Clients Currently Under Contract


Listing Office : CAPITAL COMMERCIAL INVESTMENT CORP.