Apartment building with 65 beds $400k net rent a year in the university area with 212 ft X 132 ft lot, zoning allowed to 25 floor building

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Apartment building with 65 beds $400k net rent a year in the university area with 212 ft X 132 ft lot, zoning allowed to 25 floor building

Apartment building with 65 beds $400k net rent a year in the university area with 212 ft X 132 ft lot, zoning allowed to 25 floor building

For Sale $ 7,500,000
LOCATION: Ontario Canada
CATEGORY: Commercial Real Estate
INDUSTRY: Apartment Buildings for Sale | Commercial Buildings for Sale or Lease | Commercial Spaces for Sale or Lease | Industrial Buildings for Sale or Lease | Industrial Units for Sale or Rent
LISTING TYPE: Apartment Buildings for Sale | Income Properties for Sale | Income Properties for Sale | Income Properties for Sale | Income Properties for Sale | Income Properties for Sale | Student Housing for Sale

Apartment building with 65 beds in the university area. The land is 0.643 acre with 212 ft frontage and 132 ft depth. Area zoning allowed to develop up to 25 floor building. University is steps away. Fully rented with net rent $400k a year. If the Buyer manages the property by themself, the net rent will be $423k.

Vicky Pan Broker AimHome Realty Inc., Brokerage