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Classic, Solid Construction, Twelve Plex Apartment Building!
Listing Details
Subtype: Apartment Building
Year built: 1973
Total building size (sq. ft.): 9600
Typical floor size (sq. ft.): 3200
Zoning: R-6
Parking spaces: 12
Floors: 2
Beds: 12
Baths: 12
Lot Size: 0.42 Acres
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
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