This well-maintained 6-unit multiplex building in Norwood presents a high-potential, income-generating investment opportunity. Conveniently located near amenities, schools, and public transportation, the property features a desirable unit mix of four 2-bedroom apartments and two 1-bedroom apartments, all of which are currently rented. Tenants are responsible for their own electric heating, keeping utility expenses low for the owner. The building offers practical amenities, including in-building laundry, four lockers designated for the 2-bedroom units, and in-unit storage for one of the 1-bedroom units. With surface parking available, tenants benefit from 12 dedicated parking spots. Additionally, the property holds strong investment potential, with a preliminary plan in place for possibility of constructing another residential building that would mirror the existing structure. Buyer and buyer's agent to do their own due diligence .Situated in a developing neighborhood, this property offers long-term growth and appreciation potential, further enhancing its value as a strategic real estate investment.
Address
38 Victoria Street
List Price
$1,299,000
Property Type
Commercial
Type of Dwelling
Investment
Area
Asphodel-Norwood
Sub-Area
Norwood
County
Peterborough
Lot Type
Lot
Lot Irregularities
268.96 ft x 101.60 ft x 155.94 ft x
Lot Size Units
Feet
Lot Width
100
MLS® Number
X11993746
Listing Brokerage
CENTURY 21 INNOVATIVE REALTY INC.
Postal Code
K0L 2V0
Tax Amount
$3,888.02
Tax Year
2024
Heat Type
Electric Forced Air
Cooling Features
No
Garage Type
Outside/Surface
Sewer
Sanitary