This 11-unit residential purpose-built comples delivers immediate cash flow and stands out as a turnkey investment opportunity with strong cash flow and significant principal recapture after mortgage payments. Located on a quiet street just off Algonquin Ave., the property consists entirely of eleve...n 2-bedromm units that have undergone major renovations, including comprehensive updates to all kitchens, bathrooms, flooring, trim, lighting, paint, and more. From a financail perspective, the asset generates a gross rental invome of $273,436 with estimated operating expenses of $80,979 (inclusive of management, vacancy, and maintenance), resulting in a solid net income before financing of $192,457 and a highly competitive 6.52% cap rate. Features include hot water boiler system, secure security doors, and 15 dedicated spaces, while the utility framework structures all rents plus hydro. Adding to it's long-term tenant appeal, the building is situated within easy walking distancfe of local shopping, neighborhood restaurants, and the main bus route on Algonquin Ave itself. Please note that the listing photos provided were taken previous to the tenantsw moving into the units.
Full Property Details
Interior
Bedrooms
22
Total Bedrooms
22
Washrooms
11
Square Footage
5000 + sqft
Basement
None
Heating Source
Gas
Heating Fuel
Water
Air Conditioning
None
Family Room
Yes
Kitchens
11
Total Kitchens
11
Fireplace Features
No
Bedrooms
22
Total Bedrooms
22
Washrooms
11
Square Footage
5000 + sqft
Basement
None
Heating Source
Gas
Heating Fuel
Water
Air Conditioning
None
Family Room
Yes
Kitchens
11
Total Kitchens
11
Fireplace Features
No
Exterior
Depth
96.0
Front
125.0
Driveway
Private
Lot Size
125 x 96.0 ft
Pool
None
Parking Spaces
15
Total Parking Spaces
15.00
Parking Description
None
Garage Spaces
0
Zoning
RM1
Depth
96.0
Front
125.0
Driveway
Private
Lot Size
125 x 96.0 ft
Pool
None
Parking Spaces
15
Total Parking Spaces
15.00
Parking Description
None
Garage Spaces
0
Zoning
RM1
Building Description
Style
Bungalow-Raised
Home Type
Apartment
Subtype
Multiplex
Property Orientation
North
Exterior Finish
Brick,Metal/Steel Siding
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Style
Bungalow-Raised
Home Type
Apartment
Subtype
Multiplex
Property Orientation
North
Exterior Finish
Brick,Metal/Steel Siding
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Community
Community
Central
Community
Central
Taxes & Fees
Taxes
$26,832 /yr
Tax Year
2026
Occupancy
Tenant
Taxes
$26,832 /yr
Tax Year
2026
Occupancy
Tenant
Similar Properties(No results)
Mortgage Calculator
Calculate your estimated monthly mortgage payment
Price
$2,950,000
$
%
%
Total cost of mortgage
$0
Monthly payment
By clicking Save, we will calculate your estimated mortgage for all properties using the saved values (down payment percentage, interest rate, and amortization).
The accuracy and applicability of this calculator are not guaranteed.
