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E5492602
$1,500,000

480 Drew St (Ritson S And Hwy 401)

Price: $1,500,000

Status: For Sale 

MLS®#: E5492602

$1,500,000
  • Tax: $5,611 (2021)
  • Community:Central
  • City:Oshawa
  • Type:Residential
  • Style:Multiplex (2-Storey)
  • Beds:8
  • Bath:4
  • Basement:Apartment (Sep Entrance)

Features:

  • ExteriorAlum Siding
  • HeatingForced Air, Gas
  • Sewer/Water SystemsSewers, Municipal
  • Lot FeaturesPublic Transit

Listing Contracted With: RE/MAX JAZZ INC., BROKERAGE

Description

Start Or Add To Your Portfolio With This Smooth Running Legal Five Plex. Great Location, Close To Hwy 401, Durham Transit Route And Just Steps To The Future Metrolinx Train Station On First Avenue. Three 2Br Units & Two 1 Br Units, 4 Tenants Are Separately Metered For Hydro. Forced Air Gas And Central Air Paid By Landlord (Connected Through Unit 4 Hydro Meter). Parking For Six Cars. Excellent Tenant Mix And Coin Laundry On Site. Upside With Market Rents!


Highlights

Rental Income (W/Laundry) - $73,317, Expenses - $13,060, Net Income - $60, 256. Details Attached To Listing. Building Was Renovated In 2012 W/Windows, Furnace, Roof In 2008. Unit 3 Is Completely Renovated W/Kitchen, Bath, Flooring, Paint.

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Joann VISAretis

Residential Sales Representative, SSR, ABR, Feng Shui Certified

REMAX JAZZ INC., BROKERAGE

VISA...all you really need!