REMARKS FOR CLIENTS: Previously listed as 2 seperate properties, now combines 6 unit apartment building AND adjacent parking lot. The building is a fully renovated 6-plex apartment building on storied Acacia Ave at the entrance to Rockliffe Park. The price now includes parking for 6 cars, and a parking lot that is2738sq ft. Parking lot has been severed and is zoned RUD4, changing to H4B H(11) allowing a wide variety of commercial and residential permitted uses in a 4 storey envelope. The building itself was renovated 5 years ago, with new wiring and plumbing throughout; new kitchens, bathrooms and flooring; in-unit washer / dryers; owned hot water tanks; fridge/stove/dishwasher/ microwave. Separate electrical panels in each unit with separate external meters, tenants pay hydro; electric heat. Building features two 1 bdrm + den units; 4 one bdrm units. All units have private balconies and / or green space. Annual Gross income = $143k, NOI =$118k. Units rent for $1,700-$2,200 / month. Tenants are younger / professionals. Recent survey available. Safe leafy neighbourhood where trendy New Edinburgh meets exclusive Rockliffe Park. Many funky / popular restaurants now dot the neighbourhood. Metro, Starbucks, a full BMO branch; RBC ATM and LCBO are a 10-minute walk away on Beechwood; Pet Valu and Bridgehead coffee are around the corner; vet clinic down the street. Area is being redeveloped and gentrified, attracting higher-end owners and renters. Surrounded by biking and jogging paths, and Rockliffe's secluded streets are great for leisurely walks, joggers & dog walkers. Great location for renters and investors alike.OFFER REMARKS: Listing agent owns the building. Offers to be accompanied by appropriate disclosure acknowledgement. 24 hours notice for viewing as a tenant courtesy. (id:37684)
Business
Business Type
Residential
Business Sub Type
Apartments
Property Details
MLS® Number
X13558532
Property Type
Multi-family
Community Name
3302 - Lindenlea
Amenities Near By
Public Transit, Recreation
Features
Irregular Lot Size
Parking Space Total
6
Building
Bathroom Total
6
Bedrooms Total
8
Age
51 To 99 Years
Appliances
Dishwasher, Dryer, Water Heater, Microwave, Washer
Cooling Type
Partially Air Conditioned
Heating Type
Baseboard Heaters
Size Exterior
4200 Sqft
Size Interior
4,200 Ft2
Type
Multi-family
Utility Water
Municipal Water
Land
Acreage
No
Land Amenities
Public Transit, Recreation
Size Depth
142 Ft
Size Frontage
40 Ft ,1 In
Size Irregular
Bldg=40.09 X 142 Ft ; North Line = +13 Ft Vs. South Line
Size Total Text
Bldg=40.09 X 142 Ft ; North Line = +13 Ft Vs. South Line