Spectacular location on the corner of Southgate & Vancouver Streets, in one of Canada's most desirable rental markets, FAIRFIELD WEST. Steps to BEACON HILL PARK, COOK STREET VILLAGE & the ICONIC DALLAS ROAD WATERFRONT. This 12 UNIT CHARACTER APARTMENT BUILDING has been meticulously maintained, extensively renovated & consistently updated by the owners over the past 2 decades, making this one of the finest turn-key buildings in the city! This opportunity has the core components Investors are looking for when purchasing this type of asset. Excellent Return On Investment, 5.59% CAP with current Market Rents, Income Stability, Low Vacancy Risk, Location & Market Demand, Building Condition, Operational Efficiency and Long Term Appreciation. GRD-1 Apartment Zone. 8 One-Bedroom, 1 One-Bedroom & Loft & 3 Bachelor Units all separately metered with their own Heat & Hot Water, 11 Suites have In-Unit Laundry & Tenants enjoy shared Lawn & Garden Area plus individual storage lockers & bike storage.
| Property Type | Residential Revenue |
|---|---|
| Lot Size | 0.17 acres |
| Year Built | 1912 |
| Lot Size | 7361 square feet |
| Lot Features | Central Location, Corner Lot, Curb & Gutter, Easy Access, Landscaped, Level, Sidewalk |
| Parking | On Site |
| Site Features | Balcony, Fencing: Partial, Bike Storage, Fire Alarm, Shopping Nearby, Storage Room |
Listing brokerage: DFH Real Estate Ltd.
Listed by: Ron Cunningham
DFH Real Estate Ltd.
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