A UNIQUE OPPORTUNITY TO ACQUIRE A
6 UNIT APARTMENT BUILDING .

The Property is located in Scarborough near St Clair & Bircmount, within easy access to schools, shopping, and major roads. Downtown Toronto, vibrant Danforth and Lake Ontario are also within easy driving distance. 

Building consists of four large and bright 2 bedroom units and two large spacious 1 bedroom units. The roof was replaced in 2010 and the windows were replaced in 2008 with double pane vinyl . The steel front and rear entrance doors also recently replaced.

The property has a large 73.5 ft X 140 ft lot allowing for landscaping and comfortable parking for 7 vehicles. There are 8 security cameras that monitor the property 24/7 and are accesible remotely by the owner.

All units have hardwood floors. Several units have been renovated with new laminate floors. 6 fridges and 6 stoves included. Hallways are ceramic tile floors. Upgraded electrical panels with circuit breakers. Coin operated washer and dryer owned and included in sale. 

GROSS INCOME:             $79,200

ANNUAL EXPENSES:     $18,580

NET INCOME:                  $60,620

Rents in the building are substantially below the average rent for the area and can, in time be increased to reflect market rents. Also, the tenants are currently not being charged for parking.

Asking Price: $1,695,000

Financing: Consider clear.

Vendor may consider a small Vendor Take Back