205 Thomas St, Deseronto $739,000
For Sale
9634.00 Sq Ft

MLS© ID: X3884454

Great Investment For Fully Tenanted 11-Plex (7% Cap Rate) On This Largest Residential Lot On The Block. 13 Hydro And 13 Water Meters Installed For Separate Metering. Over Half Of The Units Currently Pay Their Own Hydro. Several Units Updated W/ New Flooring, Kitchen & Bathroom Upgrades (2015-2017). Roof Upgrades (2017), All New Doors (2017), Extensive Fire Retrofitting (2016/2017). R3 Zoning With 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.

Tim Reed
Commercial Real Estate Broker, Ici Director

iPro Realty Ltd., Brokerage
272 Queen St. E.
Brampton, Ontario  L6V 1B9

Phone: 905-454-1100
Toll Free: 1-877-306-4776
Email: timreedici@outlook.com
Web: timreed.ca