For Sale

$699,900

69 BAY Street , Sturgeon Falls, Ontario P2B3G6

9 Beds 3 Baths

Remarks

Huge 3456 square foot Triplex consisting of 3-3 bedroom, modern apartments. Beautiful interior finishes, boasting quality craftmanship and materials throughout. Very efficient building with low expenses and an estimated net income of $42,821.00. The second floor unit is presently vacant, which allows buyers to move in quickly or investors to set the rent accordingly. The East side main floor unit was completely gutted and renovated in 2012 and has a 1-year lease at $1,400.00 per month, all inclusive. It features a slab on grade foundation with in-floor natural gas heating. New 2-storey addition built in 2013 on the West side has a crawl space with natural gas forced air heating for the main floor and natural gas space heater and electric baseboards for the second floor unit. The main floor unit on the West side is rented for $1,225.00 per month, all inclusive. The second floor unit has an estimated market rent of $2,400.00 per month, all inclusive. Common laundry with coin-operated washer and dryer for extra income. Detached garage with lean to, 2 large sheds, one of which is rented by one of the tenants for extra income. Modern appliances included in all of the apartments, plus bonus separate lot included in the price! Ample room for parking in the front and back. It is so rare to find such a large, modern triplex with no major anticipated maintenance for years to come. $749,900.00. (id:7525)

Property Summary

  • Lot Frontage: 110.0 Feet
  • Lot Depth: 99.0 Feet
  • No. of Parking Spaces: 13
  • Floor Space (approx): 3456.00
  • Built in: 2012
  • Bedrooms: 9
  • Bathrooms (Total): 3
  • Zoning: R3

Property Features:

  • Community Features:
    Quiet Area
  • Features:
    Laundry- Coin operated
  • Ownership Type:
    Freehold
  • Parking Type:
    Detached garage
  • Property Type:
    Multi-family
  • Sewer:
    Municipal sewage system

Building Features:

  • Basement Development:
    Unfinished
  • Basement Type:
    Crawl space
  • Building Type:
    Triplex
  • Construction Style - Attachment:
    Detached
  • Cooling Type:
    None
  • Exterior Finish:
    Vinyl siding
  • Fire Protection:
    Smoke Detectors
  • Heating Fuel:
    Electric , Natural gas
  • Heating Type:
    Baseboard heaters , Forced air , Space Heater

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