Flooring: Vinyl, Welcome to this wonderfully designed LEGAL SDU home that maximizes your returns at a 6.7% CAP when self-managed. Each unit has 4 bedrooms and 3 bathrooms (2 ensuites and 1 shared), as well as laundry, allowing for comfort and convenience for its residents. Not only was the interior fully renovated in 2021 with permits, but the home's main systems were upgraded as well including roof, mechanicals, electrical, plumbing, flooring, windows, and bathrooms, offering a fresh and contemporary feel throughout. Located in Parkway Park, this home provides easy access to transit, trails, parks, major stores, top-rated schools, restaurants, and Algonquin College. This prime location ensures all your needs are met within a short distance. With a gross income of $81,564, and low expenses of $14535 (utilities, insurance, prop tax and snow removal) for an NOI of $67029, the investment opportunity at 2300 Elmira is undeniable as it provides some of the best returns you can find in the city.
Property Features
- Date Listed: Tuesday, July 16, 2024
- City: Parkway Park - Queensway Terrace S and Area
- Neighborhood: 6302 - Parkway Park
- Major Intersection: Iris to Elmira
- Full Address: 2300 ELMIRA Drive, Parkway Park - Queensway Terrace S and Area, K2C 1H4, Ontario, Canada
- Living Room: Main
- Kitchen: Main
- Living Room: Bsmt
- Kitchen: Bsmt
- Listing Brokerage: Re/Max Hallmark Realty Group - Disclaimer: The information contained in this listing has not been verified by Re/Max Hallmark Realty Group and should be verified by the buyer.
