412 Ross Street, Lucknow, Ontario N0G 2H0

Listed for:
$3,650,000
36 beds
20 baths
Listed 37 days ago
412 Ross Street, Lucknow, Ontario N0G 2H0

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Listing provided by:
THE AGENCY REAL ESTATE
MLS® number:
40564687
Agent:
Jeff Wybo
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About

Left onto Ross Street off of Lucknow Line, Building will be on your left 20 Units plus 12 storage units with Net Operating Income of 214,973.33. This outstanding turnkey operation comprises three buildings, featuring a total of 20 individual dwellings, including 16 two-bedroom units and 4 one-bedroom units. Additionally, there are 12 individual storage units available. What sets this property apart is its inclusion of a dedicated laundry facility and maintenance shed, as well as ample space and approval for future development possibilities of 16 more units! All units are designed for convenience, offering main floor exterior access to each dwelling. This design not only attracts long-term residents but also provides a hassle-free living experience. The buildings are constructed with sturdy all-brick exteriors and durable asphalt shingled roofs, making them an ideal choice for investors seeking to minimize maintenance and repair costs. There is also a promising opportunity to increase revenue through tenant turnover and by introducing pay-per-use laundry facilities. This aesthetically pleasing apartment complex is certain to leave a lasting impression on potential investors. (id:27476)

Property Highlights

Type
Cooling type
Wall unit
Heating fuel
Electric
Fireplace
No
Construction material
Brick, Vinyl siding
Parking space
35
Ownership Type
Freehold
Amenities nearby

Location