Immaculate Purpose built 6 suite Apartment block in sought after Fairfield. The 6 x 1 Bedroom art deco era character suites have all had recent updates including new flooring, updated bathrooms (most suites), paint, fixtures, etc. New 400 amp electrical upgrade, recently insulated walls, newer windows and exterior doors & common area heat pump. New coin-op laundry and 3 detached garages that generate an additional $550 p/m. All suites currently rented well below what the market bears but still generates a gross income of $88,500 including Coin-op Laundry and Garages (Net of $75,358). Plenty of latent value awaits. Located close to shopping, public transit and local beaches. VERY RARE opportunity in this coveted location.
All M/M Tenancies.
Existing Lease Expiration Date:
Balcony(s),Carpet & Lino,Carpet Wall/Wall,Fire Alarm,Floor: Hardwood,Floor: Lino,Intercom System,Laundry Room,Storage Room,Thermal Windows,See Remarks
Concrete Poured,Frame Wood,Windows Thermo
Baseboard,Elec Baseboard,Elec Heat Pump
Approx. Value of Fixed Equip:
Bus Service,Curb & Gutter,See Remarks