| Message Number | 402598 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| status | Active | |||||||||
| Subject Line | SOLD!! Income property in Muskoka, 11 unit main street building, 2 commercial, 9 residential units, NOI $64,292; gross rent $111,450. Stable, Price $1,095K | |||||||||
| Business area |
|
|||||||||
| Location, City | Gravenhurst | |||||||||
| Have/Want | Have | |||||||||
| Business category | Apartment buildings/multi unit/condo townhouse projects/investments | |||||||||
| Date of Listing | November 17 2021 | |||||||||
| Type Description | Multi-Res with 2 Commercial | |||||||||
| Location | Muskoka | |||||||||
| Price | $1,095,000.00 | |||||||||
| Building area | 3660 | |||||||||
| Site area | 66 x 133 feet | |||||||||
| Zoning | C1 | |||||||||
| Gross Income | 111450. | |||||||||
| Expenses | 47158 | |||||||||
| Net Income | 64292 | |||||||||
| Cap Rate | 6 | |||||||||
| Comments | SOLD! Excellent Investment Opportunity! 11 unit building in downtown Gravenhurst with 2 commercial units fronting the main street and 9 residential units, 3-2 bedrooms, 1- 1 bedroom, 5 bachelor units, grossing more than $9,000 per month. Stable tenancies. 90 minutes north of Hwy 401, write off your trips to the cottage. | |||||||||
| Internet Links | ||||||||||
| Member Identifier | 4912 | |||||||||
| Broker's Recommendation | SOLD | |||||||||
| Control | MLS | |||||||||
| Name | Hugh Nichols | |||||||||
| Title | Broker, SRS, ABR, ASA. IRES | |||||||||
| Company Name | Re/Max Professionals North Brokerage | |||||||||
| Address Line One | 405 Muskoka Rd.S. Unit B | |||||||||
| City | Gravenhurst | |||||||||
| State/Province | Ontario | |||||||||
| Zip/Postal Code | P1P 1J8 | |||||||||
| Country | Canada | |||||||||
| Business Phone Number | (705)394-6655 | |||||||||
| Cell Number | 705-394-6655 | |||||||||
| Home Number | 705-394-6655 | |||||||||
| Email Address | Send Email | |||||||||
| Home Page | Home Page |
Provided By The ICIWorld Global Association of Real Estate Brokers and Salespeople Founded 1994.
Mailing Address: 131 Bloor St. W., Suite 200, Toronto, Ontario M5S 1R8
Canada 416-777-2633. USA 954-317-2327