Great 5plex investment property in a high demand area of Ontario
622-630 North Vine Avenue is an excellent investment with lots of upside opportunity. This 3,762 square foot 5plex is just a few blocks walking distance to the shops, dining, groceries, and entertainment on busy Euclid Avenue. The property is neighbor to a corner located 7-Eleven convenient store and sits on a 5,184 square foot lot.
The unit mix consist of Three 1 bedroom / 1 bath; and Two 2 bedroom / 1 bath units. In addition, each unit has a private garage with additional onsite parking. There is a coin operated laundry room with one washer and dryer, with room to add.
Easy tenant transition…four of the five units are on month to month leases. The fifth lease expires in June 2018. This is a high demand area…very low to no vacancies. Current rents are below market. With minimum renovations, this property can command top rents for Ontario.
Owner may partially finance based on your personal financial situation.
Drive by only. Please do not disturb the tenants. Offer contingent upon inspection.
Entertaining offers: $825,000 – $850,000