This 20-unit townhouse-style complex is spread over 2.9 acres with strong income and significant upside. Current NOI exceeds $164K with multiple units recently turned and leased at $1,400$1,500/month. Older units still average under $800/month, providing substantial mark-to-market potential. Tenants pay their own hydro and the site includes income from storage rentals. Ideal for long-term investors seeking scale, low turnover, and a clear path to increased yield through repositioning. Financials available. Buyer to do own due diligence. (id:51300)
Business Type | Residential |
Business Sub Type | Apartments |
MLS® Number | X12105719 |
Property Type | Multi-family |
Heating Type | Other |
Size Interior | 3 Acres |
Type | Multi-family |
Utility Water | Municipal Water |
Acreage | No |
Size Depth | 395 Ft |
Size Frontage | 197 Ft |
Size Irregular | 197 X 395 Ft |
Size Total Text | 197 X 395 Ft |
Zoning Description | Res |
https://www.realtor.ca/real-estate/28219104/412-ross-street-huron-kinloss
Justin Konikow
Salesperson
Jon Baker
Salesperson
Nolan Edmonds
Salesperson