8 UNIT, 4-sided brick investment - university area. Gross income - $103,248, all rents unheated and unlit. (4) x 5 ½, (1) x 4 ½, (1) x 3 ½, (1) x 2 ½, (1) x 1 ½. All water tanks less than (10) years, several floor coverings replaced (laminate/hardwood), several kitchens and bathrooms renovated, PVC windows (2004-2011), gutters (2022), balconies/stairs (2018-2019-2020), roof in good condition. 12,713 sq ft lot, corner lot, potential for (12) parking spaces and storage sheds. Prime location! ***MLI SELECT financing available - 50 points with the energy efficiency program - requires 25% down. Call now!
Potential gross revenue as of July 1, 2026 will be $103,500. 8-unit building on two semi-detached 4-unit lots. Possibility commercial CMHC financing (energy efficiency- 50 PTS), minimal proof of funds 23% required. The required funds include the cost of the building's energy efficiency report (approximately $5,500 + taxes) and (approximately $30,000, or +/- $3,500/unit) for efficiency measure implementation. Financing delay (120) days to be expected. Must provide commercial bank financing scheme with all purchase offer. Conventional financing will be preferred, with an adjustment of required down payment.