| Message Number | 418002 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| status | Active | ||||||||
| Subject Line | 67 apartment units in Muskoka 60% of units under market rent by at least $6000.per year EACH. 5% cap rate on current $805,000.net rent PRINCIPAL PLEASE | ||||||||
| Business area |
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| Have/Want | Have | ||||||||
| Business category | Apartment buildings/multi unit/condo townhouse projects/investments | ||||||||
| Date of Listing | August 21 2023 | ||||||||
| Type Description | apartments | ||||||||
| Net Income | 805000 | ||||||||
| Cap Rate | 5 | ||||||||
| Comments | Gravenhurst, Bracebridge and Huntsville is a very low vacancy, high rent and low property tax rate area
there is assumable 1st mortgages with approval CMHC of approx. $5,650,000. first mortgage @2.88% with just under 4 years remaining VTB possible |
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| Internet Links | |||||||||
| Member Identifier | 1557 | ||||||||
| Client Details | Active Investor | ||||||||
| Broker's Recommendation | a lot of opportunity for increases to income | ||||||||
| Control | Exclusive | ||||||||
| Name | Bruce Brown | ||||||||
| Title | Sales Representative | ||||||||
| Company Name | Ed Lowe Limited, Brokerage | ||||||||
| Address Line One | 190 Dunlop Street East | ||||||||
| City | Barrie | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | L4M 1B3 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (705)726-3871 | ||||||||
| Cell Number | 705 791 4748 | ||||||||
| Home Number | 705 791 4748 | ||||||||
| FAX Number | 705 726 8260 | ||||||||
| Email Address | Send Email | ||||||||
| Home Page | Home Page |
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