51 TORONTO Street S Markdale, ON$2,300,000

#40252029

12

8

5395

About the Property

Investors take note! The town of Markdale is home to Canada's largest independent Ice Cream manufacturer and is a thriving area including a soon to be complete new hospital. This property is located near the downtown core in close proximity to plenty of stores, churches and other amenities. This is a previous multi-purposed building; which has undergone a major transformation making this into fully legal residential 8-apartment dwelling. Currently 5 units are rented with 3 more almost ready for occupancy. One of the vacant units is an accessible apartment. Pictures show the quality of workmanship put into the renovation over the past 2 years. Roof was shingled in 2022 with the exception of one smaller area. An extensive list of improvements and upgrades are available. Owners are working to complete a few minor projects allowing for a turnkey investment for the new owners. Projected gross income is $138,300.00 allowing for an approximate 5% cap rate based on asking price. (id:32937)

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Listing Agent

PAUL MCDONALD

Salesperson

(519) 369-4229

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Key Information

City: Markdale

Property

Property Type

Multi-family

Ownership Type

Freehold

Land Depth

119 ft

Community Features

High Traffic Area

Features

Corner Site

Location

Northeast corner of Toronto Street South and Mark Street.

Building

Bathrooms

8

Basement Development

Partially finished

Basement Type

Partial (Partially finished)

Storeys

2

Exterior Finish

Brick, Vinyl siding

Heating Type

Baseboard heaters, Forced air, Heat Pump

Cooling Type

Central air conditioning, Ductless

Foundation Type

Poured Concrete

Parking Space Total

14

Measurements

Additional Info

Listing Contract Date

2022-07-12

Zoning Description

C1-423

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