Property Description

190-200 Carson Crescent is a 22-unit apartment building comprised of 12 two-bedroom units and 10 one-bedroom units all with their own hydro meters, electric baseboard heat and electric hot water tanks in each unit. The building sits on a corner lot and is approx. 19,882 sq ft. There have been lots of updates to the building such as; All units sliding glass doors and windows replaced in 2018, All 16 balconies railings and surfaces have been replaced, 12 units have new kitchens/updates: 15 units have new bathtubs, two of the units need some updating but the remaining 20 units are in good clean condition. Roof Jack's and venting penetrations were redone in 2018. There is an upside opportunity here as some of the units are not at market rent, and of course the two bedrooms units make for a good mix. Good solid NOI and cashflow make for a good investment in this well maintained building. Cap rate is 5.43 % on the list price. (id:7434)