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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

Cap Rate: 4.55%

NOI: $40,992

 

Rental Income: $57,565

Expenses $

Insurance: $4,174

Maintenance & Repairs: $7,170

Realty Taxes: $7,170

Utilities: $2,448    

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.

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.

Property requires approximately $10,000 in exterior touch ups but is in otherwise excellent condition for its age.

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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