| Message Number | 414649 | ||||||||
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| status | Sold | ||||||||
| Subject Line | SOLD - St Catherines 1 hr from Toronto - 6 Units Com / Res Mixed Use $1.45M Freshly renovated 4.8% cap rate | ||||||||
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| Location, City | St. Catherines | ||||||||
| Have/Want | Have | ||||||||
| Business category | Apartment buildings/multi unit/condo townhouse projects/investments | ||||||||
| Date of Listing | April 18 2023 | ||||||||
| Type Description | Large lot with six units and fully leased. Opportunity to add basement apartment for extra income | ||||||||
| Price | $1,199,800.00 | ||||||||
| Zoning | Com/Res Mixed Use | ||||||||
| Gross Income | 88860 | ||||||||
| Expenses | 18253 | ||||||||
| Net Income | 68830 | ||||||||
| Cap Rate | 4.75% | ||||||||
| Comments | Freshly renovated and meticulously finished 6 unit building with an amazing 4.75% cap rate. Located on a main street with ample tenant pool and good street exposure for commercial space.
Property needs to be seen! Legal 6 unit with one Commercial unit. Upgrades include new building - new roof, new plumbing, new zoning for radiators, new Pex for basement and all upgraded mechanical, expansion tank, fill package, tekmar zoning system, new siding, new windows, new flashing, new wiring, new Romulo insulation, sound proofed, fire code passed, fire shutters in back units, new tiles in commercial space with auto door closures, new machines and dryers and soap machines |
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| Member Identifier | 9242 | ||||||||
| Client Details | Active Investor | ||||||||
| Client Situation | New Opportunity | ||||||||
| Clients Objective | Retire/Passive | ||||||||
| Motivation Rating | All Cash at Retail | ||||||||
| Client Will | Add Cash | ||||||||
| Client Wants | -- NONE -- | ||||||||
| Control | Regular Client | ||||||||
| Name | Addy Saeed | ||||||||
| Title | Real Estate Broker | ||||||||
| Company Name | Re/Max Gold Realty Inc., Brokerage | ||||||||
| Address Line One | 175 Traders Blvd East | ||||||||
| City | Mississauga | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | L4Z3S8 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (877)439-2339 | ||||||||
| Cell Number | 647-689-5841 | ||||||||
| Home Number | 1-877-439-2339 | ||||||||
| FAX Number | 1-888-937-9944 | ||||||||
| Email Address | Send Email | ||||||||
| Home Page | Home Page |
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