Local originators are retiring and are ready to hand off to a new visionary. Pride of ownership is evident in this 8-unit one floor apartment complex made up of from two separate buildings. Current owners have sought a more senior clientele, and always a waiting list of eager applicants for the ever so rare turnover. Each self-contained one-bedroom unit contains a separate entrance, foyer, three-piece bath, kitchen, dining area, living room, owned 20-gallon electric hot water tank, forced air natural gas furnace. Tenants pay for natural gas, and hydro. Total rental income for the properties last fiscal year ending January 31, 2025, was an estimated $91,666.25 and for the same total expenses for the same period $33,777.47 (includes management fee of $5,085 paid to one of the owners). These result in a net income of $57,882.78. Total lot area is 9 acres. Call your Realtor to request rent roll, income and expense report, and other informative documents. (id:4069)
Address
18 ROSELAWN BOULEVARD
List Price
$799,900
Property Type
Multi-family
Type of Dwelling
Other
Style of Home
Bungalow
Area
Ontario
Sub-Area
South River
Bedrooms
8
Bathrooms
8
Floor Area
35,005,000 Sq. Ft.
Lot Size
67 x 428 FT Sq. Ft.
MLS® Number
X12198359
Listing Brokerage
RE/MAX Parry Sound Muskoka Realty Ltd
Basement Area
Crawl space
Postal Code
P0A1M0
Features
Irregular lot size
