House for sale

Overview

Updated 2023 income and expense. Now at 9.1 GRM and 6.6 CAP. See new OM in attached document. This is a desirable 12 units residential plus successful thriving retail in a vibrant desirable rental neighborhood with heavy pedestrian traffic. This is a highly sort after location for new arrivals to the City in need of housing at a reasonable rate. The building is well situated close to shops, dining, public transit, and entertainment. Initially build as a hotel later converted to apartment use, this building has an open atrium and wide stairwell with a skylight that brings a lot of lights and ventilation to the interior common area. The building has a desirable unit mix of 10 studio and 2 one-bedroom units that are easy to manage and rent out. Easy to show. Shown by appointment.