Pages

Property Description

Stress Free Investment Opportunity:rn5 year old purpose built 12 plex – ENTIRE BUILDING IS FULLY LEASED by CMHA-Elgin untilrn2042 ( CMHA-Elgin fully responsible for ALL tenant dealings, vacancy loss and interior maintenance ofrnall units- 100% occupancy rent paid monthly with automatic annual rent increases in accordance withrnrent increase guidelines of the RTA)rnOwned 10kw Microfit Solar Panel Installation (under contract until 2037), rnrnEntire Building constructed with emphasis on low maintenance + low energy consumption: Energy Star Windows, Energy StarrnAppliances (see chattel list), LED lighting throughout, low flush toilets, high efficiency boilers. Etc.rnPreferential Property Tax Reduction until 2042 (property tax savings of $9765.52 for 2020 tax season!)rn12- One bedroom units (4 of which are barrier free) Controlled Entry, rear ramp with power assistedrndoor, security camera system. Entire Building in as new condition.rnrn2020 Gross Annual Income $82060.95, Net Income $50972.37 = Cap Rate of 3.64% (much better than rnany GIC)rnrnBuilding developed with assistance from Investment in Affordable Housing Initiative, Buyers agrees to assume obligations under IAH Agreement, which includes assuming existing Corporation that holds property, assumable mortgage of approx $229,000 but no additional financing can be added on title, CASH BUYER is required. Showings permitted with accepted offer only

Features
: Gas Hot Water, Water Radiators
: Water heater owned, Solar Owned
: Poured concrete
: Municipal-metered
Address Map
CA
Ontario
Elgin
St. Thomas
ROSS
207
Street
W82° 48' 40.1''
N42° 46' 22.4''
use GPS
Additional Information
OLIVER & ASSOCIATES REAL ESTATE BROKERAGE INC.
0

207 ROSS St. Thomas

207 ROSS Street, St. Thomas, Ontario

12 Bedrooms
12 Bathrooms
C$1399900
Listing ID #40115899
Basic Details
Status : Active
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 40115899
Price : C$1399900
Bedrooms : 12
Bathrooms : 12
Year Built : 2016
Lot Depth : 104.93
Lot Front : 99.19
Contact Agent
Style Selector
Select the layout
Choose the theme
Preset colors
No Preset
Select the pattern