Property Detail

Description

?Seven income-producing units with current gross scheduled rent of $84,000 annually. ?Current rents average approximately $1,000 per unit per month. ?Conservative pro forma rent of $1,600 per unit produces $134,400 annual gross scheduled income. ?Approximately $50,400 of potential annual gross rental upside. ?Manager's unit currently pays $800 per month. ?Current property tax is only approximately $910 annually due to the low assessed value. ?Central Ontario location along the Euclid Avenue corridor. ?Value-add profile suited to an investor seeking income growth over time.