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283 Main Street N Alexandria, Ontario K0C 1A0

Hot Water Radiator Heat, Radiant Heat

$769,900

A fantastic opportunity to own an 8-Unit building in Alexandria! Close to the train station and many other amenities within walking distance. This brick building features 8 x 2-bedroom units, as well as a common laundry area in the basement. New two story porch installed in 2021, and several other upgrades in the last 3 years. One year old coin-op washer/dryer included. Gross revenue of over $74,485 and a NOI of $51,297! All units except one are well below market rent. Lots of room for upside! All long term tenants. Put 20-25% down and this property will cash flow from positive from day 1. Grow your investment portfolio today and thank yourself tomorrow! (id:46679)

Property Details

MLS® Number 1374621
Property Type Multi-family
Neigbourhood Alexandria
Parking Space Total 7

Building

Constructed Date 1900
Exterior Finish Brick
Foundation Type Poured Concrete, Stone
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat, Radiant Heat
Stories Total 2
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 120 Ft
Size Frontage 58 Ft
Size Irregular 58 Ft X 120 Ft
Size Total Text 58 Ft X 120 Ft
Zoning Description General Commercial

https://www.realtor.ca/real-estate/26650301/283-main-street-n-alexandria-alexandria

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