2300 ELMIRA

Home Details

Description

Welcome to this wonderfully designed LEGAL SDU home that maximizes your returns at a 6.7% CAP when self-managed. Each unit has 4 bedrooms and 3 bathrooms (2 ensuites and 1 shared), as well as laundry, allowing for comfort and convenience for its residents. Not only was the interior fully renovated in 2021 with permits, but the home's main systems were upgraded as well including roof, mechanicals, electrical, plumbing, flooring, windows, and bathrooms, offering a fresh and contemporary feel throughout. Located in Parkway Park, this home provides easy access to transit, trails, parks, major stores, top-rated schools, restaurants, and Algonquin College. This prime location ensures all your needs are met within a short distance. With a gross income of $81,564, and low expenses of $14,535 (utilities, insurance, prop tax and snow removal) for an NOI of $67,029, the investment opportunity at 2300 Elmira is undeniable as it provides some of the best returns you can find in the city. (id:39198)

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Additional media

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Property taxes

$4,500.00 per year / $375.00 per month

Basement

Finished, Full

Year build

1961

Type

Multi-family

Bedrooms

null

Bathrooms

null

Parking spots

4 Total

Floor

Vinyl

Balcony

-

Pool

-

External material

Brick | Siding

Roof type

-

Lot frontage

-

Lot depth

-

Heating

Forced air, Natural gas

Fire place(s)

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