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51 Toronto Street S Markdale, Ontario N0C 1H0

12 Bedroom 8 Bathroom 5395
Central Air Conditioning, Ductless Baseboard Heaters, Forced Air, Heat Pump

$2,300,000

Investors take note! The town of Markdale is home to Canada's largest independent Ice Cream manufacturer and is a thriving area including a soon to be complete new hospital. This property is located near the downtown core in close proximity to plenty of stores, churches and other amenities. This is a previous multi-purposed building; which has undergone a major transformation making this into fully legal residential 8-apartment dwelling. Currently 5 units are rented with 3 more almost ready for occupancy. One of the vacant units is an accessible apartment. Pictures show the quality of workmanship put into the renovation over the past 2 years. Roof was shingled in 2022 with the exception of one smaller area. An extensive list of improvements and upgrades are available. Owners are working to complete a few minor projects allowing for a turnkey investment for the new owners. Projected gross income is $138,300.00 allowing for an approximate 5% cap rate based on asking price. (id:47238)

Property Details

MLS® Number 40252029
Property Type Multi-family
Amenities Near By Hospital, Place Of Worship, Shopping
Community Features High Traffic Area
Features Corner Site
Parking Space Total 14

Building

Bathroom Total 8
Bedrooms Total 12
Basement Development Partially Finished
Basement Type Partial (partially Finished)
Cooling Type Central Air Conditioning, Ductless
Exterior Finish Brick, Vinyl Siding
Fire Protection Smoke Detectors
Foundation Type Poured Concrete
Heating Fuel Electric, Natural Gas
Heating Type Baseboard Heaters, Forced Air, Heat Pump
Stories Total 2
Size Interior 5395
Utility Water Municipal Water

Land

Access Type Highway Access, Highway Nearby
Acreage No
Land Amenities Hospital, Place Of Worship, Shopping
Sewer Municipal Sewage System
Size Depth 119 Ft
Size Frontage 91 Ft
Size Total Text Under 1/2 Acre
Zoning Description C1-423

https://www.realtor.ca/real-estate/24657273/51-toronto-street-s-markdale

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Paul Mcdonald
Salesperson

(519) 369-4229
(519) 369-2429
www.facebook.com/pages/Century-21-Cedar-Glen-LTD-Brokerage/130174620438834
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Century 21 Cedar Glen Ltd Brokerage
Po Box 675, 124 Garafraxa Street S.
Durham, Ontario N0G 1R0

(519) 369-2000
(519) 369-2429
www.cedarglen.c21.ca

Bruce Marshall
Salesperson

(519) 369-8114
(519) 369-2429
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Century 21 Cedar Glen Ltd Brokerage
Po Box 675, 124 Garafraxa Street S.
Durham, Ontario N0G 1R0

(519) 369-2000
(519) 369-2429
www.cedarglen.c21.ca

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