272 Queen St. E., Brampton, Ontario L6V 1B9

Phone: 905-454-1100  Toll: 1-877-306-4776

205 Thomas St

Deseronto, Ontario
For Sale
MLS© ID: X3884454

For Sale or Lease

Property Type



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Great Investment For Fully Tenanted 11-Plex (7% Cap Rate) On The Largest Residential Lot On The Block. 13 Hydro & 13 Water Meters Installed For Separate Meters. Over Half Of Units Currently Pay Own Hydro. Several Units Updated W/New Flooring, Kitchen & Bathroom Upgrades (2015-2017). 2 New High Efficiency Furnaces (2017), Roof Upgrades (2017), New Doors (2017), Extensive Fire Retrofitting (2016/2017). R3 Zoning W/ Potential For Additional Units To Be Created.

Extras: 5 One-Bedrooms, 6 Two-Bedrooms+Den. Additional Basement 3-Bedroom Unit Could Be Retrofitted And Rented Out To Add Additional Unit To Rent Roll. Current Annual Gross Income Of Over $98K. Potential Income Of $126K+ When Rents At Market Value.

Property Features

  • Directions/Cross Streets: Thomas & Brant Streets
  • Lot Size Code: Feet
  • Taxes: 8022.00
  • Tax Year: 2016
  • Property #: X3884454
  • Sale/Lease: Sale
  • Country: Canada
  • Province: Ontario
  • Municipality: Deseronto
  • Business Type: Apts-6 To 12 Units
  • Garage Type: Outside/Surface
  • Legal Description: Pt High School Lt Blk N Pl 295 Pt 4, 21R2964; Dese
  • Lot Depth: 220.00
  • Lot Front: 99.94
  • Type: Investment
  • Category: Apartment
  • Chattels: Y
  • Expenses Actual/Estimated: Act
  • Financial Statement: Y
  • Freestanding: Y
  • Insurance Expense: 5482.00
  • Lot/Bldg/Unit Code: Lot
  • Total Area: 9634.00
  • Total Area Code: Sq Ft
  • Type Taxes: Annual
  • Utilities: Y
  • Year Expenses: 99.99
  • Air Conditioning: N
  • Heat Expenses: 7526.00
  • Heat Type: Gas Hot Water
  • Hydro Expense: 7721.00
  • Water: Municipal
  • Water Expense: 10865.00
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