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$ 2,400,000
Est. payment | /mo
11 Beds
11 Baths
$ 2,400,000
Est. payment | /mo
11 Beds
11 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision 451 - Downtown
MLS Listing ID X13587158
Style 3-Storey
Bedrooms 11
Annual Tax Amount $18,726
Tax Year 2026
Property Sub-Type Multiplex
Property Description
Renovated 11 apartment building, 11 one bedroom apartments. This property has been well cared for by the same owner for the past 22 years and is in a central location with a high rental demand. The owner believes in spending money to upgrade the building which attracts a good quality tenant, higher rents and limited maintenance calls. All 11 apartments have been renovated at different stages. Unit #9 just finished a renovation including quartz countertops and Unit #6 is currently undergoing a full renovation and will be completed this month (July). Renovations include, new kitchen cupboards, counter tops, appliances including dishwashers. Bathrooms updated with bath fitter tub surrounds and new vanities. There are two sets of coin washer and dryers (2023), modern entrance buzzers front and back entrance (2022) pitched roof asphalt shingles (approx 2012), all replacement vinyl windows. Separate hydro meters with updated breaker panels in each unit. There is a large clean boiler utility room, great for storage or small work area. All tenants accept for one pay their own hydro. The owner subsidizes one units hydro up to a maximum of $50 per month. There are no rental items or contracts associated with the property. Preferred closing date is December 2026. Fire retro-fitting complete, with yearly fire inspection certificates available.
Location
Province ON
County Niagara
Area Niagara
Rooms
Family Room No
Basement Finished
Kitchen 11
Interior
Interior Features Carpet Free, Intercom, Separate Hydro Meter, Water Heater Owned, Water Heater, Water Meter
Cooling None, Window Unit(s)
Fireplace No
Heat Source Electric
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 46.0
Lot Depth 140.0
Total Parking Spaces 6
Building
Foundation Block
Others
ParcelsYN No
Listed by RE/MAX GARDEN CITY REALTY INC, BROKERAGE