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  • 411 Simpson Street
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 411 Simpson Street - $475,000

  

9 Unit residential/commercial building on the city's southside.  Directly on a bus route. Currently fully rented.  6 2 bedroom apartments, 2 1 br apartments and 1 commercial store front.  All units have been renovated in the last 10 yrs.  Updated metal roof.  Updated hot water boiler system (natural gas) for the heat.  All separately metered - tenants pay their own hydro but heat is included in their rents.  Coin-op laundry that makes approx. $200/month. Back parking and entrance.  Garbage pick up. Profitable building.   

 

Wendy Ferris Sales RepresentativeRon Ferris Broker of RecordPresented by:

Ronne & Wendy Ferris

Broker of Record & Sales Representative

473-6949 or 624-8452

ronandwendyferris@shaw.ca

 

 

Age

52+ yrs

Apartments

6 - 2 br units

2 - 1 br units

 

Commercial

1 unit on main floor with separate entrance

Net Income

$45,517/yr approx.

Basement

Full

Parking

Rear

Area

East End

 

Taxes

$16,976.89/2018

Lot Size

50 ft x 130 ft

 

Heat Type

Hot water gas

Utility Costs

$11,230.52 (2018)

Updates & Extras

off street parking,2 br apartment with 2 entrances, C1 Zone

 

                                           

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