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    For Sale - 360 Friel Street Unit# 16, Lower Town - Sandy Hill, Ontario

    Est payment $26,400/mo
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    Views   1
    Time on Jump  52 day

    AI Summary *

    • Turnkey investment with 16 residential units, including newly constructed and renovated options.
    • All units are fully furnished and have separate hydro meters for efficiency.
    • Strong projected annual rental income potential of over $408,000.
    • Stabilized asset with leasing options available for immediate cash flow.
    • Diverse unit mix catering to various tenant needs and preferences.




    Welcome to 360 friel street an exceptional turnkey investment opportunity featuring 16 residential units with separate hydro meters, comprised of 9 fully renovated and refurbished units, 7 newly constructed additional units (recently completed). Unit breakdown: 1 three-bedroom unit, 3 two-bedroom units, 2 one-bedroom units, 10 studio units. All units are fully furnished and separately metered, offering operational efficiency, reduced utility risk, and strong tenant appeal. The seller is willing to lease all units, providing investors with a stabilized, income-producing asset from day one. Income overview projected residential rental income: $402,420. 00, parking income: $1,800. 00, laundry income: $3,780. 00, total projected gross income:$408,000. 00, annually projected 2026 operating expenses vacancy (2%) - $8,084. 00, property taxes (5. 42%) - $21,484. 00, utilities (5. 82%) - $23,064. 00 (heat, water, hydro) repairs & maintenance (4%) - $15,845. 00, property management (3. 96%) - $15,687. 00, property insurance (6. 85%) - $27,125. 00advertising (0. 5%) - $1,981. 00, total projected operating expenses: $113,270. 00. Financial summary - gross income: $408, less operating expenses: $113,270. 00, estimated net operating income (noi): $294,690. 00 annually. This newly completed, fully furnished multi-unit property presents a rare opportunity to acquire a modern, income-generating asset with strong projected returns and long-term growth potential.
    Listing IDX12789414
    Address360 Friel Street Unit# 16
    CityLower Town - Sandy Hill, Ontario
    Price$5,497,900
    Bath16 Full
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 1Heating / Cooling Baseboard

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    Listing Agency:  COLDWELL BANKER SARAZEN REALTY

    * 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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    360 Friel Street Unit# 16
    Lower Town - Sandy Hill , Ontario
    16 $5,497,900
    Get more info