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$3,500,000

16+5 Suites in Campbellford

Location: Campbellford
Number of Units: 16+5
Cap Rate: 4.6%

Owner-built in 1992. Building is in AAA+ Condition, Extremely Well Constructed and Maintained. Owner wants to retire. Just a short walk from all amenities, including a grocery store and all of the shops and restaurants in downtown Campbellford. Also near the districts public High School, Arena, curling & racquet club and the Campbellford Memorial Hospital. Very large apartments, 4 x 1 Bedrooms, 12 x 2 bedrooms (Four – 2beds have ensuite bathrooms). Each Unit has storage room with hot water tank. Separate hydro meters, tenants pay own. Submetering for water. Elevator connected through phoneline with emerg centre in Belleville. Newer Roof. Great tenants, waiting list for vacancies. 5 Commercial Units – 2 are connected as same restaurant space, other 3 are currently vacant – owner has applied to change status to Res Unit to create three more 1 Bedrooms. Excellent Superintendent.

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All information furnished regarding this property is from sources deemed reliable but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price or other terms, prior to sale or withdrawal without notice. Prospective purchasers are advised to seek independent legal, accounting, or any other consulting advise as may be deemed necessary to submit an offer to purchase.