Who’s looking for a vacant income property?
New everything! Here’s a turnkey duplex (currently setup as a triplex) near the Niagara River, ready for your hand-picked tenants (it’s vacant!). The main floor unit is currently setup as a restaurant, but other commercial uses are permitted…or convert back to residential (zoned C2, ask us for info.) All restaurant kitchen equipment will be included. The separate second floor unit is 1 bed/1 bath with a walkout deck and view of the river. Access the third unit (a bachelor apartment plus unfinished basement) via the back of the building.
SUMMARY:
– LOCATION: Fort Erie, Niagara Region (Niagara Blvd. & Jarvis St.) 1 minute from the Niagara River, near the Peace Bridge.
– PURCHASE PRICE: $499,900 Or Best Offer
– CLOSING: February 23, 2022 (This is an assignment sale.)
– TYPE: 2 Storey Duplex per MPAC (currently set up as 3 units with 3 separate entrances)
– BEDS/BATHS: 3 Beds/3 Baths
– PARKING: 2 spaces
– BASEMENT: Part Basement, Unfinished with Laundry
– LOT: 26′ x 84′
– AGE: 1904
– PROPERTY TAX: $2500/year (approx)
– POTENTIAL INCOME: Approximately $1100-$1200 per unit plus utilities ($3300-$3600 total, as residential units)
RENOVATIONS NEEDED:
– Everything is new and beautiful! No renovations needed.
– Some junk and furniture removal, maybe.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– It’s vacant! Pick your own tenants and charge top rents from the jump.
– 1 minute walk to the Niagara River.
– 9 foot ceilings throughout all units.
– New steel roof 2018
– New windows 2021
– New furnace 2022 (rental, will be bought out by seller before closing)
– New sump pump 2021
– New electrical throughout entire house
– New plumbing
Please let us know if you want to view it or if you want us to email you the info package. (Comparable sales, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang & Josea Paul
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. Get notified of only the deals you are interested in by telling us your areas of interest. We notify you by email based on the geography you want. PUSH HERE to get the deals you want: https://www.housedealsgta.ca/preferred-buyers/