Description
RARE OPPORTUNITY. A fully occupied fourplex offering close to a 6.0% going-in capitalization rate at the asking price. The property includes four 2-bedroom apartments, established tenants, commercial-grade laundry and a newly constructed four-unit storage building. More than $212,000 has been invested in capital improvements and major building upgrades since 2022, including a new Ecoflo septic system, drainage management system, well equipment, bathroom renovations, commercial laundry equipment, insulation, exterior doors and other significant improvements. The result is an income-producing multifamily property with substantial infrastructure work already completed and approximately $58,149 in annual NOI. Full financials and list of upgrades and maintenance since 2022 available.
Listing Details
37 Martin Lake Drive, Lake Echo, B3E 1B3
ACTIVE
$999,000
202616349
n/a
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54
40164063
Drilled Well
Septic
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Building Specifications
Slab
Asphalt Shingle
Stucco,Vinyl
Laminate
