51 Toronto Street S Markdale, Ontario N0C 1H0
$2,300,000
Investors take note! The town of Markdale is home to Canada's largest independent Ice Cream manufacturer and is a thriving area including a soon to be complete new hospital. This property is located near the downtown core in close proximity to plenty of stores, churches and other amenities. This is a previous multi-purposed building; which has undergone a major transformation making this into fully legal residential 8-apartment dwelling. Currently 5 units are rented with 3 more almost ready for occupancy. One of the vacant units is an accessible apartment. Pictures show the quality of workmanship put into the renovation over the past 2 years. Roof was shingled in 2022 with the exception of one smaller area. An extensive list of improvements and upgrades are available. Owners are working to complete a few minor projects allowing for a turnkey investment for the new owners. Projected gross income is $138,300.00 allowing for an approximate 5% cap rate based on asking price. (id:47723)
Property Details
| MLS® Number | 40252029 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Place Of Worship, Shopping |
| Community Features | High Traffic Area |
| Features | Corner Site |
| Parking Space Total | 14 |
Building
| Bathroom Total | 8 |
| Bedrooms Total | 12 |
| Basement Development | Partially Finished |
| Basement Type | Partial (partially Finished) |
| Cooling Type | Central Air Conditioning, Ductless |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air, Heat Pump |
| Stories Total | 2 |
| Size Interior | 5395 |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access, Highway Nearby |
| Acreage | No |
| Land Amenities | Hospital, Place Of Worship, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 119 Ft |
| Size Frontage | 91 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C1-423 |
https://www.realtor.ca/real-estate/24657273/51-toronto-street-s-markdale
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July 13 2022 02:14:46
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