51 Toronto Street S Markdale, Ontario N0C 1H0
$2,300,000
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:47237)
Property Details
| MLS® Number | 40252029 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Place Of Worship, Shopping |
| Community Features | High Traffic Area |
| Features | Corner Site |
| Parking Space Total | 14 |
Building
| Bathroom Total | 8 |
| Bedrooms Total | 12 |
| Basement Development | Partially Finished |
| Basement Type | Partial (partially Finished) |
| Cooling Type | Central Air Conditioning, Ductless |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air, Heat Pump |
| Stories Total | 2 |
| Size Interior | 5395 |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access, Highway Nearby |
| Acreage | No |
| Land Amenities | Hospital, Place Of Worship, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 119 Ft |
| Size Frontage | 91 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C1-423 |
https://www.realtor.ca/real-estate/24657273/51-toronto-street-s-markdale
Paul Mcdonald
Salesperson
(519) 369-2429
www.facebook.com/pages/Century-21-Cedar-Glen-LTD-Brokerage/130174620438834
www.linkedin.com/profile/edit
Po Box 675, 124 Garafraxa Street S.
Durham, Ontario N0G 1R0
(519) 369-2000
(519) 369-2429
www.cedarglen.c21.ca
Bruce Marshall
Salesperson
(519) 369-2429
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Po Box 675, 124 Garafraxa Street S.
Durham, Ontario N0G 1R0
(519) 369-2000
(519) 369-2429
www.cedarglen.c21.ca
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
July 13 2022 02:14:46
REALTORS® Association of Grey Bruce Owen Sound
Century 21 Cedar Glen Ltd Brokerage