PROPERTY INFO
Rare Opportunity! Own a Prime Downtown 17-Unit Apartment Building in AAA Location. This purpose-built building is situated on the corner of Barton Street and Talbot Street, offering convenience and visibility. With 17 spacious (1) bedroom units, this property presents an excellent investment opportunity.Current Gross rents total $272,855.00 / year with lots of potential to add value and possible 18th unit.Extensive renovations have been completed on 14 of the 17 units, ensuring modern and attractive living spaces. The upgrades include new kitchens featuring elegant quartz counters and top-of-the-line stainless steel appliances. Each unit is equipped with in-suite stackable laundry facilities, providing added convenience for tenants. The flooring has been replaced, enhancing the overall aesthetic appeal. The bathrooms have also been updated with stylish vanities and subway tile glass showers.Not only has the interior of the building received attention, but significant improvements have been made to the infrastructure as well. A new membrane roof was installed in 2023, ensuring durability and protection from the elements. In addition, a new front intercom system was installed in 2024, enhancing security and convenience for residents. Parking is always a valuable asset in busy downtown areas, and this building offers a total of 16 parking spots. Six parking spots are conveniently located in the front of the building, while the remaining ten are situated in the back. Note all units have separate hydro meters. (id:4555)
