This well-maintained 6-unit multiplex building in Norwood presents a high-potential, income-generating opportunity. Ideally located near amenities, schools, and public transportation, the property consists of four spacious 2-bedroom units and two 1-bedroom units. Tenants are responsible for their own electric heating, reducing utility costs for the owner. The building features on-site laundry facilities, four lockers designated for the 2-bedroom units, and additional in-unit storage for one of the 1-bedroom apartments. With surface parking available, the property boasts 12 parking spots for tenant convenience. Additionally, the building offers renovation potential, enhancing both rental income and long-term appreciation in this developing neighborhood.
Address
15 Elm Street
List Price
$1,099,000
Property Type
Commercial
Type of Dwelling
Investment
Area
Asphodel-Norwood
Sub-Area
Norwood
County
Peterborough
Lot Depth
117.54
Lot Type
Lot
Lot Size Units
Feet
Lot Width
150
MLS® Number
X11993735
Listing Brokerage
CENTURY 21 INNOVATIVE REALTY INC.
Postal Code
K0L 2W0
Tax Amount
$4,176.99
Tax Year
2024
Heat Type
Electric Forced Air
Cooling Features
No
Garage Type
Outside/Surface
Sewer
Sanitary