This listing has been marked as Sold

Missed it? Don't miss the next one.

Hundreds of Canadian commercial and business listings are posted here each month - many not available anywhere else. Create a free alert to make sure you don’t miss the next Apartment Building listing in Elmira.

Alert me for the next one

No spam. Ever.

Classic, Solid Construction, Twelve Plex Apartment Building!

For Sale: Multifamily in Elmira, ON

Mike Milovick

Realtor

Listing Details

Description

Classic walk up, twelve plex apartment building beckons for your immediate attention! Concrete (cast/block masonry) building. Can not build for list price. Very few come available Elmira - maybe one every five or six years. Take the risk out of this purchase: building comes to you very well documented with a Pinchin Phase I Environmental (2024, clean), Pinchin Building Condition Assessment (2024). Life Safety Systems Update/Certificate (2024). Opportunity to increase rents significantly over time. Property may qualify for CMHC MLI Select program under the Affordability Criteria – with the best rates and amortizations currently available. Individual electrical meters – tenants pay electricity. Cap ex: modernized hallways with carpet tile, commercial water heaters (2023), sloped asphalt roof (2017). Building’s back windows (2020), Building’s front windows (2015/2016 approximately). Balcony doors (2019/2020) Great low density rental area. Good tenant profile. Easy building to add to your existing portfolio. Opportunity abounds! Call your favourite REALTOR today and let’s book a showing.

Location & nearby

This listing is located in Elmira, ON N3B 1X2