FEATURED
Minor Contaminated Rental Income Property
Minor Contaminated Rental Income Property
Minor Contaminated Rental Income Property

Minor Contaminated Rental Income Property


Ground Floor;

Unit – 1 : $650 per month – Taxi Office – 3 Years/ 400 Sq.Ft.

Unit – 2 : $1,000 per month Taxi Office – 3 Years / 950 Sq.Ft

Unit – 3 : $1,800 per month – Car Cleaning – 1 Year  left + 3 Years Option/1800 Sq.Ft

$ 3,450 per month X 12 = $ 41,400.00 per Year

 

2nd Floor; 1100 Sq.ft

2 Bedroom & 1 Washroom with Kitchen & Living room

Rent to be $1,200.00 per month X 12 = $14,400 (Owner occupying now)

Total Revenue : $55,800 per Year

 

Property Tax: $ 9,500.00 / year

Building Insurance: $ 2,500.00 / year

Expenses: $12,000 per Year

 

Net Operating Income: $43,800.00

Cap Rate: 8.76 %

 

Total Area:15,681 Sq Ft (3- Frontage Corner Land)

Zoning: Mixed Residential and Commercial

 

Y2018: New Insulation and New Wash room, Well-maintenance Building

Separate Gas & Hydro Meter,  Single - Water Meter

Tenants pay all utilities

 

Soil is minor-contaminated – See Environmental report

(VTB is available up to 50%)


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