PRIME “GLEBE” LOCATION!  EXTRAORDINARY RARE OFFERING of a NEWER 8 UNIT APT BUILDING. Don’t let your money sit in the bank or deal with older money pit real estate investments. Invest now in this magnificent luxurious newly built in 2020. Built inside/outside with quality finishes and solid construction in mind. Concrete, brick, and siding maintenance free exterior. This beautiful multi unit building consists of 8 two bedroom luxury units. Many walking amenities nearby including Whole Foods, VIP Theatre, restaurants, banks, schools, and many quaint Bank Street shops all at your fingertips. Canal walking and bike trails at your door. Quality finishes include quartz counters in kitchens and baths, backsplash, slab tiled baths, vinyl/wood look and tiled flooring, and video intercoms. Each self contained unit has separate hydro, central air conditioning, 6 s/s appliances, and laundry. Gas forced air via 2 boiler system with air handler for heating. Heat included in rent for tenants. Some units have balconies. This solid gold building makes for a great long term investment with upward rent potential. City street parking. Not another property like it to be found in this spectacular GLEBE location. All units fully rented. Never a vacancy.  You will be impressed. Floor plans shown here. Building is easily self managed by owner. Pictures show the quality of same finishes in each unit throughout.

Gross Income $247,221  Expenses $42,962  Net Income $204,259.

All 2 bedroom units.

Apt 1 $2203.75 / Apt 2 $2250 / Apt 3 $2818  / Apt 4 $2562.50 / Apt 5 $2750 / Apt 6 $2700 / Apt 7 $2700 / Apt 8 $2600

Tax $24,511.55 / Insurance $6,362 / Water/Sewer $3,018 / Gas $4,046 / Public Hydro $1,398 / Garbage $1,528 / Snow $700

NOTE: HUGE BONUS IS THAT ….. Residential buildings built after Nov 15, 2018 are exempt from rent control thus owners can increase rents as they desire on anniversary dates.