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Jag Saini

jag@pinnaclerealty.ca +1(905) 609-7653

Est. payment | -/mo

23 Beds

12 Baths

Save

Est. payment | -/mo

Save

23 Beds

12 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision Ferris

MLS Listing ID X14101536

Style 3-Storey

Bedrooms 23

Annual Tax Amount $28,800

Tax Year 2026

Property Sub-Type Multiplex

Property Description

Turnkey investment opportunity with strong cash flow located on a quiet street just off Lakeshore dr. Total of 12 Units (11-2 Bedrooms/1-1 Bedroom) This turnkey 12-unit residential purpose built complex delivers immediate cash flow and has seen major renovations to every unit including all kitchens, bathrooms, flooring, trim, lighting, paint and more. Cap rate at 6.27%, Gross rental income is $305,709.12 with expenses (including management, vacancy, and maintenance) estimated at $86,470, resulting in a solid net income before financing of $219,239. Other notable features are: All rents plus hydro, hot water boiler system, 13 parking spaces and security doors. Within walking distance bus route on Lakeshore dr, restaurants, shopping mall, Shoppers Drug mart, Cineplex and Lake Nipissing access close by. Immediate cash flow after mortgage payment plus significant principle recapture makes this a solid investment opportunity. Photos are previous to tenants moving in.

Location

Province ON

County Nipissing

Area Nipissing

Zoning RM3

Rooms

Family Room Yes

Basement None

Kitchen 12

Interior

Interior Features Water Heater

Cooling None

Inclusions 12 Fridges, 12 stoves

Exterior

Exterior Feature Controlled Entry, Year Round Living

Parking Features Private

Pool None

Roof Type Flat,Tar and Gravel

Lot Frontage 123.0

Lot Depth 125.0

Total Parking Spaces 13

Building

Foundation Concrete

Others

Senior Community No

ParcelsYN No

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage

Nearby Locations

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+1(905) 609-7653

jag@pinnaclerealty.ca

1625 Steeles Ave E, Brampton, ON L6T 4T7, CAN

14 Milford CRES North Bay, ON P1A 1M3

Jag Saini

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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