Property Details

205 Thomas Street , Deseronto Ontario, K0K1X0

205 Thomas Street , Deseronto Ontario
Representative
MaryAnn Raaymakers and Karina Sadu
Sales Representatives
Real Estate HOMEWARD Brokerage
Cell: 416-953-8960

$739,000 - For sale

MLS®:X3884454

Great Investment For Fully Tenanted 11-Plex (7% Cap Rate) On This Largest Residential Lot On The Block. 13 Hydro And 13 Water Meters Installed For Separate Metering. Over Half Of The Units Currently Pay Their Own Hydro. Several Units Updated W/ New Flooring, Kitchen & Bathroom Upgrades (2015-2017). Roof Upgrades (2017), All New Doors (2017), Extensive Fire Retrofitting (2016/2017). R3 Zoning With Potential For Additional Units To Be Created. **** EXTRAS **** 5 One-Bedrooms, 6 Two-Bedrooms+Den. Additional Basement 3-Bedroom Unit Could Be Retrofitted And Rented Out To Add Additional Unit To Rent Roll. Current Annual Gross Income Of Over $98K. Potential Income Of $126K+ When Rents At Market Value.

Property Details
  • Property Type:Multi-family
  • Lot Size:99.94x220.00 FT
  • Acreage:99.94x220.00 FT
  • Water Type:Municipal water
Structure Details
  • Structure Style:Multi-Family
  • Square Footage:9634 sqft
Representative
MaryAnn Raaymakers and Karina Sadu
Sales Representatives
Real Estate HOMEWARD Brokerage
Cell: 416-953-8960
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Listing Office: REAL ESTATE HOMEWARD

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