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40+ Condo Townhomes Investment Opportunity

Location  Ontario,Canada
Asking Price Range  $5.0M - $10.0M
Gross Revenues  $725000
Net Profit / Cash Flow  $500000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2014
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned

Turn Key Investment Opportunity 40+ condo town homes 1 hr north of Toronto - 40+ Luxury Condo Titled townhomes for sale at $10 mln with Guaranteed Lease up - Flexible closing - Entire complex is in the process of being renovated - Units have been completely renovated inside including brand new: -- Custom Kitchens -- Flooring; Laminate, ceramic and carpet -- High efficiency furnaces and air conditioning units -- Premium lighting; Pot lights, under cabinet lighting, dining room chandelier -- Bathrooms -- Updated electrical and plumbing -- Laundry hookups + tub -- Appliances; Stainless steel fridge, stove and dishwasher -- Exterior renovations include : -- Brand new facade; Vinyl siding, Stone, balcony, trellas, lighting, windows and doors -- Landscaping; entrance gardens, units gardens, sod, backyard privacy fencing - New paved driveways and roadways - New poured curbs - Minutes from; Parks, schools, waterfront, shopping, hospital, and beach - Average rent is $1400 + utilities - CAP Rate 6% Floor area between 1,176 sq.ft. to 1,320 sq.ft. 2 storey, 6 rooms, 3 bedrooms, one 4 piece bathroom. 1 car built-in garage. Room sizes: - living room: 10.11' x 8.11' - kitchen: 8.11' x 8.11' - dining room: 10.11' x 8.11' - master bedroom: 15.11' x 10.11' - bedroom: 12.11' x 10.11' - bedroom: 11.11' x 7.11' Municipal water and sewer. Services: electricity, telephone, cable TV and high speed Internet, bus service, natural gas. Asking price $10 mln negotiable Andrew Sobczak Broker of Record On Georgian Bay Real Estate Inc. Real Estate Brokerage RR2, PO Box 174, Victoria Harbour, ON L0K 2A0 phone 705-543-1341

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