51 Toronto Street S Markdale, ON N0C1H0
Listing Courtesy of: ITSO FRANCHISE / Century 21 Cedar Glen Ltd. Brokerage / Paul McDonald
$2,300,000
12
BED
8
BATH
5,395
SQFT

  51 Toronto Street S Markdale, ON N0C1H0

Active (31 Days)

Description

Investors take note! The town of Markdale is home to Canada's largest independent Ice Cream manufacturer and is a thriving area including a soon to be complete new hospital. This property is located near the downtown core in close proximity to plenty of stores, churches and other amenities. This is a previous multi-purposed building; which has undergone a major transformation making this into fully legal residential 8-apartment dwelling. Currently 5 units are rented with 3 more almost ready for occupancy. One of the vacant units is an accessible apartment. Pictures show the quality of workmanship put into the renovation over the past 2 years. Roof was shingled in 2022 with the exception of one smaller area. An extensive list of improvements and upgrades are available. Owners are working to complete a few minor projects allowing for a turnkey investment for the new owners. Projected gross income is $138,300.00 allowing for an approximate 5% cap rate based on asking price.

MLS®:
40252029
Type
Multifamily
County
Grey County
Bathroom Details
Interior Features
  • Stove
  • Refrigerator
  • Dishwasher
  • Hot Water Tank Owned
  • Water Heater Owned
Lot Information
  • Shopping Nearby
  • Place of Worship
  • Major Highway
  • Hospital
  • Highway Access
  • High Traffic Area
  • City Lot
  • Corner Lot
  • Rectangular
  • Urban
Property Features
  • Foundation: Stone
  • Foundation: Slab
  • Foundation: Poured Concrete
Heating and Cooling
  • Heat Pump
  • Natural Gas
  • Forced Air
  • Electric Forced Air
  • Electric
  • Baseboard
  • Other
  • Ductless
  • Central Air
Basement Information
  • Partially Finished
  • Partial
Exterior Features
  • Roof: Shingle
Utility Information
  • Sewer: Sewer (Municipal)
Parking
  • Total: 14
Stories
  • 2
Living Area
  • 5,395 sqft
Location
   
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Estimated Monthly Mortgage Payment

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Disclaimer: Listing content protected by copyright and licensed by Information Technology Systems Ontario: Data last updated: 8/12/22 10:40