Turnkey investment opportunity, fully occupied Triplex with strong cash flow and NOI. Well maintained, backing onto the Thames River, zoned urban commercial, with endless income opportunities and potential uses. Currently set up as 3 separate units. Main floor unit is a well appointed 2 bed plus bonus room, renting for $1485 a month, all incl. Cozy basement unit recently renovated, renting for $1076 a month, all incl. Upper unit is very spacious with future potential as it has an additional floor that is not currently utilized. Renting for $830 plus hydro and gas. All units are occupied and rents are paid on time. Annual gross income of $40,692. Estimated annual expenses of $9832, with an approx. NOI of $30,860. Please allow a MINIMUM of 24 hours notice for ALL showings. (id:4069)
Address
266 Grand AVENUE West
List Price
$575,000
Property Type
Multi-family
Type of Dwelling
Triplex
Area
Ontario
Sub-Area
Chatham
Lot Size
80.56 x Irregular Sq. Ft.
Year Built
1900
MLS® Number
25002465
Listing Brokerage
NEST REALTY INC.
Postal Code
N7L1C1
Zoning
UC (HC1)
