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Stuart McKerrow pic stuart.mckerrow@gmail.com Sutton Group - Associates Realty Inc., Brokerage Independently owned and operated. pic 358 Davenport Road, Toronto, Ontario M5R 1K6 pic Office: 416-966-0300 | Fax: 416-966-0080 | Cell: 416-856-6810

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$819,000
Available - For Sale
Listing ID: X13050710
Welcome to 3874 Champlain Street. 6.8% CAP! This well-maintained 7-UNIT multi-residential property on 0.648 acres of land offers a strong investment opportunity with stable income and long-term potential and is offered at only $117,000/unit. The building consists of six (6) 2-bedroom units and one (1) 3-bedroom unit, all currently tenanted. Extensive updates have been completed, including a new roof (2023) and siding, updated plumbing and electrical systems, upgraded septic system (2012), and the installation of a new boiler along with tankless hot water systems. The property features a large timber frame foundation and operates on a single hydro meter. Six (6) storage lockers are included for tenant use. This offering presents a solid income-generating asset and is well-suited for investors seeking a turnkey, fully leased multi-unit property. Opportunity exists to increase revenues and further enhance returns through rental optimization!
Price $819,000
Taxes: $6,605
Tax Type: Annual
Occupancy by: Tenant
Address: 3874 Champlain Road , Clarence-Rockland, K0A 1E0, Prescott and Rus
Postal Code: K0A 1E0
Province/State: Prescott and Rus
Legal Description: PT LT 21 CON 5 CLARENCE PT 1 & 2, 50R343
Directions/Cross Streets: Champlain / Potvin Street
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 5,232
Total Area Code:  Square Feet
Financial Statement: F
Chattels: T
Franchise: F
 Management Expense: 0
Maintenance: 0
Water Expense: $2631
Net Income Before Debt: $55623
Expenses Actual/Estimated: $Act
Outside Storage: T
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE INTEGRITY REALTY

3874 Champlain Road , Clarence-Rockland, K0A 1E0, Prescott and Rus

Personal Picture
Stuart McKerrow
Sales Representative
Dir:
416-856-6810
Bus:
416-966-0300
Fax:
416-966-0080

 
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At a Glance:
Type: Com - Investment
Area: Prescott and Russell
Municipality: Clarence-Rockland
Neighbourhood: 607 - Clarence/Rockland Twp
Style:
Lot Size: x 209.00(Feet)
Approximate Age:
Tax: $6,605
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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