This well-maintained 6-unit multiplex building in Norwood presents a high-potential, income-generating investment opportunity. Conveniently located near amenities, schools, and public transportation, the property features a desirable unit mix of four 2-bedroom apartments and two 1-bedroom apartments, all of which are currently rented. Tenants are responsible for their own electric heating, keeping utility expenses low for the owner. The building offers practical amenities, including in-building laundry, four lockers designated for the 2-bedroom units, and in-unit storage for one of the 1-bedroom units. With surface parking available, tenants benefit from 12 dedicated parking spots. Additionally, the property holds strong investment potential, with a preliminary plan in place for possibility of constructing another residential building that would mirror the existing structure.Buyer and buyer's agent to do their own due diligence . Situated in a developing neighborhood, this property offers long-term growth and appreciation potential, further enhancing its value as a strategic real estate investment. |
Price | $1,299,000 |
Taxes: | $3888.02 |
Tax Type: | Annual |
Occupancy: | Tenant |
Address: | 36 Victoria Stre , Asphodel-Norwood, K0L 2V0, Peterborough |
Postal Code: | K0L 2V0 |
Province/State: | Peterborough |
Legal Description: | PT LT O PL 6 NORWOOD PT 2 & 3 45R2301 & |
Directions/Cross Streets: | Victoria street ,Elm Street & Trans-Canada HWY |
Washroom Type | No. of Pieces | Level |
Washroom Type 1 | 0 | |
Washroom Type 2 | 0 | |
Washroom Type 3 | 0 | |
Washroom Type 4 | 0 | |
Washroom Type 5 | 0 |
Category: | Apartment |
Use: | Apts - 6 To 12 Units |
Building Percentage: | T |
Total Area: | 0.75 |
Total Area Code: | Acres |
Financial Statement: | T |
Franchise: | F |
Washrooms: | 0 |
Heat Type: | Electric Forced Air |
Central Air Conditioning: | No |
Sewers: | Sanitary |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
CENTURY 21 INNOVATIVE REALTY INC. |
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Book Showing | Email a Friend |
Type: | Com - Investment |
Area: | Peterborough |
Municipality: | Asphodel-Norwood |
Neighbourhood: | Norwood |
Tax: | $3,888.02 |
Fireplace: | N |