3-7 Main St S
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3-7 Main St S
12 Unit Apartment Building $2,839,081 USD ($236,590 USD/Unit) 5.61% Cap Rate Uxbridge, ON L9P 1P7
Investment Highlights
- 11 Residential Apartments and 1 Commercial Unit with a total net income of over $220,000.00 per annum.
Executive Summary
*** NEW PRICE ***
Great opportunity in the vibrant Multi-Family Residential sector.
The property, located at 5 and 7 Main Street South at Brock Street offers 11 immaculate Residential Apartments and 1 Retail Commercial Unit, with a total net income of over $223,000. Four of the eleven residential units were newly built in 2022 and the rest have been completely renovated in the past 3 years. New Roof - 2023. Quick Service Restaurant occupies the commercial space, which comes equipped with an 8-foot canopy hood with Brand New ducting, fan, motor and fire suppression. All units are separately metered and all tenants pay own hydro.
Total of 1 x 3 bedroom; 3 x 2 bedroom; 6 x 1 bedroom; and 1 x Studio apartments, as well as 1 x 1,100 sf Commercial unit. 11 Fridges, 11 Stoves, 4 Washers, 4 Dryers, 5 Hot Water Tanks. 8-foot Commercial Hood with Fire Suppression.
Please use the contact link or call 416-690-2000 for more information or to arrange a tour of the property.
More Information on Uxbridge is available here:
https://www.durham.ca/en/economic-development/invest-and-grow/township-of-uxbridge.aspx
Great opportunity in the vibrant Multi-Family Residential sector.
The property, located at 5 and 7 Main Street South at Brock Street offers 11 immaculate Residential Apartments and 1 Retail Commercial Unit, with a total net income of over $223,000. Four of the eleven residential units were newly built in 2022 and the rest have been completely renovated in the past 3 years. New Roof - 2023. Quick Service Restaurant occupies the commercial space, which comes equipped with an 8-foot canopy hood with Brand New ducting, fan, motor and fire suppression. All units are separately metered and all tenants pay own hydro.
Total of 1 x 3 bedroom; 3 x 2 bedroom; 6 x 1 bedroom; and 1 x Studio apartments, as well as 1 x 1,100 sf Commercial unit. 11 Fridges, 11 Stoves, 4 Washers, 4 Dryers, 5 Hot Water Tanks. 8-foot Commercial Hood with Fire Suppression.
Please use the contact link or call 416-690-2000 for more information or to arrange a tour of the property.
More Information on Uxbridge is available here:
https://www.durham.ca/en/economic-development/invest-and-grow/township-of-uxbridge.aspx
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2024) Click Here to Access |
Annual (USD) | Annual Per SF (USD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,839,081 USD | Apartment Style | Low Rise |
| Price Per Unit | $236,590 USD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 5.61% | Building Size | 13,143 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 0.43/1,000 SF |
| Price | $2,839,081 USD |
| Price Per Unit | $236,590 USD |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.10 AC |
| Building Size | 13,143 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Parking Ratio | 0.43/1,000 SF |
1 of 1
Walk Score ®
Very Walkable (87)
zoning
| Zoning Code | C3 (G E N E R A L C O M M E R C I A L (C 3) Z O N E See Attachment) |
| C3 (G E N E R A L C O M M E R C I A L (C 3) Z O N E See Attachment) |
-
A.J. Hincer -
Homelife Classic Realty Inc.
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3-7 Main St S
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