Murray Gibbons Murray Gibbons

Great Lakes Realty & Auctions Inc.

Phone: 519-443-6443
Email: murray@murraygibbons.com
(519) 443-4326
email: murray@murraygibbons.com
Website: www.murraygibbons.com

7-Plex: 5 Residential Apts + 2 Commercial -WATERFORD, ON. MLS#: 19-21Alice7-Plex
Rear View + 4 Tenant Parking
Rear View + 4 Tenant Parking

Lake at rear of Parking Lot - 1 of 5 lakes in area.
Lake at rear of Parking Lot - 1 of 5 lakes in area.

1 of 2 Comm'l Units - possibility to increase to 2 add'l Comm'l Units and 2 additional Residential Units.
1 of 2 Comm'l Units - possibility to increase to 2 add'l Comm'l Units and 2 additional Residential Units.

Walk and bike Trail near property
Walk and bike Trail near property

Walk and bike Trail near property
View - Main Street - Frontage

Walk and bike Trail near property
Separate Water Meters

Walk and bike Trail near property
View of Road Front Commercia Unit.

Walk and bike Trail near property
Commercial Unit

Walk and bike Trail near property
View of 1 of Waterford Lakes from upper Unit.

Walk and bike Trail near property
Commercial Unit


$487,000
  • 3700 Square Feet
  • Forced Air Heat
  • Town water supply, Town Sewer
  • 47 x 89 Lot
  • 2009 Taxes: $3,980


  • Additional Features:

    7 unit building-2x2 BR & 3x1 BR, 2 Comm units, Retrofit 2010, main breaker panels for each apartment and commercial units, sub electrical panel, historically +++ maintenance , forced air gas heating,  separate meters , air conditioned, free parking on municipal lot,  8th & 9th unit addition possible, full open basement commercial use or apartment, 4 car ports at rear of building for 4 main tenants,  new roof ’09, 48 hr notice for showings, possible VTB to qualified clients, 42’ frontage by 86.69’ depth, lovely rear view over Waterford Lakes, 8% ROI . Clean tidy building, curb appeal, Secure. Live in 1 unit and still get good return. Central location, close to all business, churches and schools. Easy access from Brantford and commute to Hamilton area.  Qualified Buyers only & appointment.

     

    Total Gross Revenue                                 Per Month    Per Annum

                                                                    $4,010.00      $48,120.00 

     Less vacancy                                                 200.50        2,406.00  
    & uncollected rents    

    Effective Gross Income                             $3,809.50      $45,714.00