314 Lakeshore Rd W

$2,200,000

Highlights

Units

8


Stories

3


Price Per Unit

$275,000


Lot Size

50' x 90' ft


Cap Rate

6.1%

Picture of listing property
Full Details

FULLY VACANT purpose-built multiplex featuring 8 units (5x 1bedrooms & 3x 2 bedrooms). Approx 6.1% cap rate with $1800 for 1 bedrooms and $1950 for 2 bedrooms for fully updated units. Building has been renovated top to bottom. Service for Separate hydro meters in place, 100 AMP service in each unit. Rent out to your desired tenants. Updated Plumbing (2024). Updated Electrical (2024). Laundry on site, 10 Parking spaces. Located in the heart of Port Credit, 5 minute walk to the lake, short distance to the GO Station and local amenities.


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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 purchased.