italianate-style house with brick siding and a porch More Photos

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    For Sale - 381-383 Montreal Road, Vanier and Kingsview Park, Ontario

    Est payment $8,377/mo
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    Views   1
    Time on Jump  87 day

    AI Summary *

    • Fully leased mixed-use building on a prime corner lot.
    • Separate meters for each unit, tenants pay their own hydro.
    • All units renovated in the last five years, updated electrical and plumbing.
    • Commercial tenants contribute to property taxes, boosting income.
    • Strong annual net income, making it a solid investment opportunity.




    Fully-leased mixed-use building on corner lot. Tenants pay their own hydro, separate meters (four), natural gas boiler/ radiators (replaced 2020). Roof replaced 2009 and 2022, windows replaced 2005. Second floor units have fridge, stove, washer and dryer (apts #1 & #2). Foundation repaired and new cement veranda with metal roof 2020. All units renovated (electrical and plumbing) in the last five years. Main tenant on leases. Commercial tenants pay their portion of property taxes. Zoned mixed use (commercial & residential). Existing mortgage is at residential rate. Total expenses are $19,057. 94 (including taxes, insurance & utilities, & maintenance). The total annual gross income is approx. $108,000. 00 and the total annual net income is approx. $88. 942. 06
    Listing IDX12559318
    Address381-383 Montreal Road
    CityVanier and Kingsview Park, Ontario
    Price$1,690,000
    StyleStore W Apt/Office
    Land Size4302
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Store W Apt/OfficeBasement 1Heating / Cooling Gas Forced Air Closed

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    Listing Agency:  EXP REALTY
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    381-383 Montreal Road
    Vanier and Kingsview Park , Ontario
    $1,690,000
    Get more info