Properties for Sale - Principals Only
COLLINGWOOD
PICTURE GALLERY
Very Unique 18 Suite Apartment Building
POTENTIAL TO ADD SUITES
  • Asking $1,600,000
  • Asking $88,889 per Suite
  • Custodian Unit Not Included in Suite Count or Income
  • Old Schoolhouse Converted in 1988 to Apartments
  • Extra Wide Halls and Staircases with Maplewood and Fir Wood Trim
  • Tenants Pay Own Heat & Hydro and are Billed for Water Every 2 Months
  • 11 x One Bedrooms
    7 x Two Bedrooms

  • 6,000 Square Feet of Open Space on Top Level has Potential for Construction of More Suites
  • Apartments are Large and Unique
  • Potential Upside on Rents
  • 7.4% CAP Rate
  • 10.9% Cash Flow Return
  • 23.1% R.O.I.
  • Treat Mortgage as Clear
If you are interested in the above property,
please contact the Skyview Team.
220 Duncan Mill Road, Suite 419 Toronto, ON, M3B 3J5
Phone: (416) 444-6545 | Fax: (416) 444-6997 | info@skyviewrealty.com
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