$2,697,000
Apartment Building - 9 suites
Originally built in 1972, the Property is improved with a turnkey, three-storey, nine-unit apartment building. Pride of ownership is exemplified by the manicured landscaping which compliments the stucco and the rainscreened Hardie Cement Board siding on the roof parapets and the outside corners of the building.
Tenants enter the building by way of a covered walkway which was refinished with a slip-resistant, protective coating in September 2022. The suite-mix of the Property is comprised of one bachelor, seven 1-bedrooms and one 2-bedroom, for a total of nine units, seven of which have undergone extensive renovations. The suites offer large floorplans and are finished with a mix of carpet and vinyl flooring. Updated bathrooms are equipped with new bathtubs with tile surrounds, updated vanities, lighting and mirrors. The galley kitchens allow for a flow-through feel for the suites and the double-glazed windows and sliding glass doors minimize any exterior sounds in what is already a calm neighbourhood. All suites feature large balconies, concrete on the lower level and the remaining six are wood and were replaced approximately 10 years ago.
Several capital improvements have been completed, including the installation of a Viessmann high efficiency boiler system in 2017, which disperses heat by way of baseboard radiators throughout the building. Also installed in 2017 was a heat exchanger and an insulated, high-capacity hot water tank. Also in 2017, the Property’s domestic water line and city connection were replaced and in 2010, main cold water riser line was replaced. The basement provides access to a dedicated laundry room, equipped with one washing machine and one dryer, coin operated and owned by the building, a storage room with 9, over-sized lockers for tenants, secured bike storage and three storage rooms which are currently assigned to the owner. At the rear of the building, a refinished driveway leads from the alley to four covered parking spaces and three additional driveway surface spaces. Additionally, there is ample free, non- permit street parking surrounding the Property. Each suite is metered separately for hydro and have been updated with breaker panels. The roof system is a two-ply, torch-on membrane which was installed in 2021, along with a new roof drain, flashings, vents and a slope package to prevent water ponding.
Features
- MLS®: C8047488
- Type: Listing