51 Toronto Street South Markdale, ON N0C1H0
Listing Courtesy of: CREA - C21 Brokers / Century 21 Cedar Glen Ltd. Brokerage / Paul McDonald
$2,300,000
12
BED
8
BATH

  51 Toronto Street South Markdale, ON N0C1H0

Active

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. (id:42016)

MLS®:
40252029
Type
Multifamily
County
Grey County
Bathroom Details
  • Full Bathrooms: 8
Subdivision
  • Grey Highlands
Heating and Cooling
  • Heat Pump
  • Forced Air
  • Baseboard Heaters
  • Ductless
  • Central Air Conditioning
Utility Information
  • Sewer: Municipal Sewage System
  • Fuel: Natural Gas, Electric,
Parking
  • Total: 14
Stories
  • 2
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Disclaimer: REALTOR.CA The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 8/10/22 16:08