| 613.829.1000
| 613.829.1000
Turnkey 12-Unit Multifamily Investment Opportunity. This fully renovated 12-unit building presents a rare opportunity to acquire a stabilized, cash-flowing asset with significant capital improvements and a highly attractive assumable CMHC mortgage. Renovated from the studs up in 2020 with nearly $1M in upgrades, all units feature modern interiors, updated finishes, and functional layouts. The unit mix includes five spacious 2-bedroom + den suites and seven well-designed 1-bedroom units, appealing to a broad tenant base. Highlights Include: Full interior gut-renovation (2020) all 12 units + common space. Two new Coinmatic washers and dryers (owned, not leased)Newer windows and roof (approx. 10 years old)Foundation professionally re-sealed from exterior (under 10 years ago). Mortgage Assumption: CMHC-insured mortgage must be assumed 2.76% interest rate. Current term matures Dec 1, 2031. This is a solid, long-hold asset offering stable returns, low financing costs, and minimal capital expenditure required for years to come. Perfect for investors seeking reliable cash flow and long-term appreciation in a professionally upgraded multifamily asset. (id:37351)
| BusinessType | Residential |
| BusinessSubType | Apartments |
| MLS® Number | E12181045 |
| Property Type | Multi-family |
| Neigbourhood | East York |
| Community Name | O'Connor-Parkview |
| ParkingSpaceTotal | 8 |
| CoolingType | Fully Air Conditioned |
| HeatingType | Radiant Heat |
| Type | Multi-family |
| UtilityWater | Municipal Water |
| Acreage | No |
| Sewer | Storm Sewer |
| SizeDepth | 38.1 M |
| SizeFrontage | 16.31 M |
| SizeIrregular | 0.15 |
| SizeTotal | 0.15 Ac |
| SizeTotalText | 0.15 Ac |
| ZoningDescription | Cr2.5(c2.5;r1)*1163) |
Contact us for more information
Erin Holowach
Salesperson
(877) 297-1188
comfree.com/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Phone Number
(613) 829-1000
Email Address
info@grapevine.ca
Mailing Address
48 Cinnabar Way
Stittsville ON K2S1Y6
