535-545 RUSSELL ROAD

Clarence Creek, Ontario, K0A2A0, Canada

$4,500,000

Solid investment opportunity for the savvy investor! Priced at 6.4 cap with present-day NOI (current appraisal on file). Room to grow top line revenue on turnover (14 of 20 units remain rented under market rates). Consists of 2 buildings each with 10 units (7 x 2-bedrooms and 3 x 1-bedrooms) for a total of 20 units. Individual units registered as condos (but not operated as such), which opens interesting options for future exit strategies for the experienced investor. All units are individually metered for both heat (natural gas), hydro and equipped with A/C units. Low maintenance units with ceramic and laminate flooring throughout. Interior storage units available for each unit and plenty of parking. Built in 2015. Meticulously managed property by owner operators with pride of ownership.

Last updated on : Thursday 19th of September 2024 02:13:27 PM

ADDRESS

Street : 535-545 RUSSELL ROAD

City : Clarence Creek

Province : Ontario

Country : Canada

Postal Code : K0A2A0

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PROPERTY SUMMARY

Property ID : 1405496

Property Type : Multi-family

Parking : 40

Maintenance Management Company: Self Managed -

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