
PROPERTY DETAILS
Lot Size: 33.99 ft x 100 ft
Unit Mix:
1 x 1 Bedroom
2 x 3 Bedroom
Total Parking: 3
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Cap Rate: 4.55%
NOI: $40,992
Rental Income: $57,565
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Expenses $
Insurance: $4,174
Maintenance & Repairs: $7,170
Realty Taxes: $7,170
Utilities: $2,448
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387 1/2 Chapel st
$900,000
Triplex in Sandy Hill
Strong investment opportunity in what is historically one of the greatest rental markets in the world. Do not be fooled by semantics and secure a lightly renovated triplex with 2 x 3 bedrooms and 1 x 1 bedroom.
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Possibility to develop additional units by adding third floor (see 386 Chapel St) and/or extension in the rear yard (see 395 Chapel St) needs to be verified with city.
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Property requires approximately $10,000 in exterior touch ups but is in otherwise excellent condition for its age.
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Large units with bright windows. Lower unit is half above ground making it bright and desirable. Ideal 3 car parking at the rear.