*** Fully Leased 15 Units Apartment Building* 90% of rents are almost half the market value!! Now the NOI=$100k, In 2025 as per vendor will rise to approximately $165K*, New Roof recently installed plus upgrading some common area and some units cost of approx. $150,000-$200,000 **This price includes an Extra approx. 16 Acres of Vacant Land* The seller has submitted a concept plan of 10 residential Lots! The buyer may propose for Rental/Retirement Building, as the demand is HIGH*** The Vendor will take back a First mortgage up to 70% at a negotiable low interest rate.
MLS# | X9514713 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Price Change |
Days On Site | 112 |
Listing Provided By | TORONTO HOMES AND BUILDINGS REALTY INC. | Not Provided |
SQ Feet | 784,080 |
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Acreage | 18.00 |
State | ON |
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County | Kawartha Lakes |
City | Kawartha Lakes |
Zip Code | K0M 2M0 |
Area | Little Britain |
Listing VS Median (in K0M 2M0) | |
Price: $2,900,000 low | high Med: $2,900,000 SqFt: 784,080 low | high Med: 784,080 $ / SqFt: $4 low | high Med: $4 On Site: 112 low | high Med: 112.000000 |