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    For Sale - 11&13 Acacia Avenue Unit# 11 #'s1-3; 13 #'s 1-3, New Edinburgh - Lindenlea, Ontario

    Est payment $12,365/mo
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    Views   3
    Time on Jump  29 day

    AI Summary *

    • Fully renovated 6-plex with modern kitchens, bathrooms, and in-unit laundry.
    • Includes adjacent parking lot for 6 cars, zoned for various uses.
    • Annual gross income of $143k, with competitive rental rates.
    • Safe, trendy neighborhood near popular shops and restaurants.
    • Surrounded by biking paths and parks, perfect for outdoor activities.




    Remarks for clients: previously listed as 2 seperate properties, now combines 6 unit apartment building and adjacent parking lot. The building is a fully renovated 6-plex apartment building on storied acacia ave at the entrance to rockliffe park. The price now includes parking for 6 cars, and a parking lot that is2738sq ft. Parking lot has been severed and is zoned rud4, changing to h4b h(11) allowing a wide variety of commercial and residential permitted uses in a 4 storey envelope. The building itself was renovated 5 years ago, with new wiring and plumbing throughout; new kitchens, bathrooms and flooring; in-unit washer / dryers; owned hot water tanks; fridge/stove/dishwasher/ microwave. Separate electrical panels in each unit with separate external meters, tenants pay hydro; electric heat. Building features two 1 bdrm + den units; 4 one bdrm units. All units have private balconies and / or green space. Annual gross income = $143k, noi =$118k. Units rent for $1,700-$2,200 / month. Tenants are younger / professionals. Recent survey available. Safe leafy neighbourhood where trendy new edinburgh meets exclusive rockliffe park. Many funky / popular restaurants now dot the neighbourhood. Metro, starbucks, a full bmo branch; rbc atm and lcbo are a 10-minute walk away on beechwood; pet valu and bridgehead coffee are around the corner; vet clinic down the street. Area is being redeveloped and gentrified, attracting higher-end owners and renters. Surrounded by biking and jogging paths, and rockliffe's secluded streets are great for leisurely walks, joggers & dog walkers. Great location for renters and investors alike. Offer remarks: listing agent owns the building. Offers to be accompanied by appropriate disclosure acknowledgement. 24 hours notice for viewing as a tenant courtesy.
    Listing IDX13558532
    Address11&13 Acacia Avenue Unit# 11 #'s1-3;…
    CityNew Edinburgh - Lindenlea, Ontario
    Price$2,575,000
    Bed / Bath8 / 6 Full
    StyleInvestment
    Land Size5342
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Public Transit, Recreation/Community CentreHeating / Cooling BaseboardHeating Fuel ElectricSewer Sanitary+Storm

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    Listing Agency:  DIGI BROKERAGE

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    11&13 Acacia Avenue Unit# 11 #'s1-3; 13 #'s 1-3
    New Edinburgh - Lindenlea , Ontario
    8 6 $2,575,000
    Get more info