15 Killdeer Road, Elmira, ON, N3B 1X2

$1,900,000

MLS® # 40551877

Investment For Sale In Elmira, Ontario

$1,900,000

Property Information:

Classic walk up, twelve plex apartment building beckons for your immediate attention! Concrete (cast/block masonry) building. Can not build for list price. Very few come available on MLS in Elmira - maybe one every five or six years.Take the risk out of this purchase: building comes to you very well documented with a Pinchin Phase I Environmental (2024, clean), Pinchin Building Condition Assessment (2024). Life Safety Systems Update/Certificate (2024).Opportunity to increase rents significantly over time. Property may qualify for CMHC MLI Select program under the Affordability Criteria – with the best rates and amortizations currently available. Individual electrical meters – tenants pay electricity.Cap ex: modernized hallways with carpet tile, commercial water heaters (2023), sloped asphalt roof (2017). Building’s back windows (2020), Building’s front windows (2015/2016 approximately). Balcony doors (2019/2020) Great low density rental area. Good tenant profile. Easy building to add to your existing portfolio. Opportunity abounds! Call your favourite REALTOR today and let’s book a showing.

Inclusions: Other,12 Fridges, 12 Stoves, 1 Coin Operated Washer, 1 Coin Operated Dryer, Two Commercial Water Heaters

Exclusions : Tenants' Possessions

Building Features:

  • Floor Space: 6400 Square Feet

Property Features:

  • Bedrooms: 12
  • Acres Range: < 0.5
  • Basement: Full, Finished
  • Built in: 1973
  • Construction Materials: Block, Shingle Siding, Other
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open
  • Exterior Features: Separate Hydro Meters, Year Round Living
  • Floor Space (approx): 6400 Square Feet
  • Heating: Baseboard, Electric
  • Interior Features: Separate Hydro Meters
  • Laundry Features: Coin Operated
  • Lot Depth: 140 Feet
  • Lot Features: Rectangular, Paved, City Lot, Highway Access, Place of Worship, Playground Nearby, Quiet Area, Rec./Community Centre, Schools, Shopping Nearby
  • Lot Frontage: 132.00 Feet
  • Parking Features: Asphalt, Assigned
  • Road Frontage Type: Municipal Road
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Water Treatment:
  • Zoning: R-6
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 12

Courtesy of: Royal LePage Wolle Realty

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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