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$ 3,850,000
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$ 3,850,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision City Centre
MLS Listing ID S12555990
Annual Tax Amount $22,532
Tax Year 2025
Property Sub-Type Investment
Lot Depth 89.9
Lot Front 60.0
Property Description
Welcome to Dunlop Apartments. This is a solid concrete top to bottom walk up rental building containing 15 large one bedroom suites and a sub basement commercial space of around 2200 sf which is now vacant and in shell condition. The building has double glazed windows, brick exterior and flat roof. There are two front entrances - one for the residential and one for the commercial. There is onsite laundry and lockers in the basement. The site is at the "5 Points" and walking distance to the lake and the commercial core. Tenants pay hydro and gas. Plus 15 foot ceilings. Potential add a loft style bedroom to each suite making rental upside over 30% here. Common areas all painted and upgraded. Asking price is a 5.5% cap. Great first time buyer building with low maintenance, great location and rental upside.
Location
Province ON
County Simcoe
Area Simcoe
Interior
Cooling Partial
Exterior
Utilities Available Available
Lot Frontage 60.0
Lot Depth 89.9
Building
Building Age 51-99
Others
Security Features No
ParcelsYN No
Listed by COMMERCIAL FOCUS REALTY INC.
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