20-28 Carraway Crescent, South Dundas, Ontario K0C 1X0

Listed for:
$850,000
0 beds
0 baths
Listed 23 days ago
Multi-Family for rent: 20-28 Carraway Crescent, South Dundas, Ontario K0C 1X0

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Learn more about this property
Listing provided by:
CAMERON REAL ESTATE BROKERAGE
MLS® number:
X12259134
Agent:
John A.(sandy) Cameron
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About

5th Street West RESIDENTIAL 5-PLEX with below market rents creating lots of potential upside for the patient investor. Each of the 5 townhomes have a separate PIN identifications (see Document section) with the required R-Plan legal survey, but the Estate's listing condition(s) state that the property will only be sold as a block of 5-three bedroom residential units; the buyer/investor must assume all tenants; the Estate will not serve any Notices on behalf of a buyer under any circumstance under RTA; once the potential buyer has reviewed the I/E statement provided by the Estate it will be possible to inspect just one of the townhomes (all units have same typical layouts); and finally once a conditional offer is accepted by the Estate all units will be made available for inspection provided the RTA guidelines are respected for additional showings. The estimated net cash flow for the 5 units before any debt service or depreciation in 2024 is estimated to be approximately $20,700 based on current rents and expenses (see your agent for further details). Seller requires "As Is" SPIS signed & submitted with all offer(s) and requires 3 full business days irrevocable to review any/all offer(s). (id:27476)

Property Highlights

MLS® Number
X12259134
Type
Multi-family
Community Name
701 - Morrisburg
Land Size
Bldg=107 x 92 FT ; see listing brokerage/survey

Building

Building Type
Multi-Family
Square Footage
5490 sqft
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Baseboard heaters
Heating Fuel
Building Cooling Type

Utilities

Water
Municipal water

Location