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$ 5,000,000
Est. payment /mo
New
1161 O'CONNOR DRIVE Toronto (o'connor-parkview), ON M4B2T5
6,534 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision O'Connor-Parkview
MLS® Listing ID E12181045
Lot Size 6,534 Sqft
Acres 0.15
Source Ottawa Real Estate Board
Property Description
Turnkey 12-Unit Multifamily Investment Opportunity. This fully renovated 12-unit building presents a rare opportunity to acquire a stabilized, cash-flowing asset with significant capital improvements and a highly attractive assumable CMHC mortgage. Renovated from the studs up in 2020 with nearly $1M in upgrades, all units feature modern interiors, updated finishes, and functional layouts. The unit mix includes five spacious 2-bedroom + den suites and seven well-designed 1-bedroom units, appealing to a broad tenant base. Highlights Include: Full interior gut-renovation (2020) all 12 units + common space. Two new Coinmatic washers and dryers (owned, not leased)Newer windows and roof (approx. 10 years old)Foundation professionally re-sealed from exterior (under 10 years ago). Mortgage Assumption: CMHC-insured mortgage must be assumed 2.76% interest rate. Current term matures Dec 1, 2031. This is a solid, long-hold asset offering stable returns, low financing costs, and minimal capital expenditure required for years to come. Perfect for investors seeking reliable cash flow and long-term appreciation in a professionally upgraded multifamily asset. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 8
Private Pool No
Building
Sewer Storm sewer
Others
Virtual Tour https://www.youtube.com/watch?v=Q8oIKYNH3nk
Listed by COMFREE