Having issues with video? Click here Welcome To The Beaches! Great investment property with four residential and 2 commercial units. One residential unit on the main floor and one commercial unit are owner occupied and will be vacant upon closing. Commercial unit on the main floor is rented for $2800 per month and has 100 dollar escalation per year with 3 years remaining with an option to renew for another five years. Main floor has a large 2 bedroom executive suite that is owner occupied and can be rented for 2200 dollars per month. The unit hosts high ceilings, completely renovated kitchen, large appointed rooms and two fire places. Great for owner/user. Second floor has a 1, 1 bedroom unit and 1 - 2 bedroom unit that are rented to long term tenants. Basement has a large apartment that is already rented out as well. Residential units are heated with radiant heat and commercial has their own heating and cooling through forced air. All units are individually metered and pay their own utilities except the basement which is connected with the owner occupied residential unit on the main floor. There are three gas meters at the building with one gas meter per commercial unit and one for the residential units. The heating is included for all the tenants. There are five parking spots with this property. The lot is 30.7 feet in the front and widens to 48.78 feet in the rear. Following is a list of upgrades completed: New 320,000 btu boiler for residential heating 2005 Siding for the whole building 2009 Roof (partial where needed) 2009 Parking lot and car ports 2009 Renovations Main Floor owner suite 2009 Washrooms Apt 2 2009 Commercial units Heating and Cooling 2011 The owners are looking to retire and are selling the property. Download Detailed Financial Review Sheet Pictures of the building available here Pre-Listing Building Inspection report available upon request. For more information or for showing requests, please contact me directly [mappress mapid="87"]
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