20-28 Carraway Cres, South Dundas, K0C 1X0

Home Overview

Description

RESIDENTIAL 5-PLEX with below market rents creating lots of potential upside for the patient investor. Each of the 5 townhomes have a separate PIN identifications (see Document section) with the required R-Plan legal survey, but the Estate's listing condition(s) state that the property will only be sold as a block of 5-three bedroom residential units; the buyer/investor must assume all tenants; the Estate will not serve any Notices on behalf of a buyer under any circumstance under RTA; once the potential buyer has reviewed the I/E statement provided by the Estate it will be possible to inspect just one of the townhomes (all units have same typical layouts); and finally once a conditional offer is accepted by the Estate all units will be made available for inspection provided the RTA guidelines are respected for additional showings. The estimated net cash flow for the 5 units before any debt service or depreciation in 2024 is estimated to be approximately $20,700 based on current rents and expenses (see your agent for further details). Seller requires "As Is" SPIS signed & submitted with all offer(s) and requires 3 full business days irrevocable to review any/all offer(s).

2 months

Days

Investment

Property Type

$7,000 / Year

Est. Annual Taxes

Apartment

Style

None

Garage

Y

Basement