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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. 

 

 

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