Stonebank Real Estate Ltd., Brokerage

Parry Sound

Sold

Parry Sound, ON, Canada

Un-Priced

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Sold

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Description

Overview:
6% CAP
64 Suites Total :
Bachelor Suites : 9
One Bedroom Suites : 29
Two Bedroom Suites : 22
Three Bedroom Suites : 3
Loft: 1

Highlights:
Improvements include upgrades to elevator, new windows, various suite interiors
Low operational costs with no basement, no balconies, tenants pay own hydro and gas
Within close proximity to hospital, Wal-Mart, Home Depot, Canadian Tire, Highway 400, lake, etc.
Lucrative returns, strong upside potential, attractive cap rate, treat as clear

Address

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City: Parry Sound
Country: Canada

Detail

Price: Un-Priced
Property Type: Apartment
Property Status: Sold

Contact info

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Amount Financed:

Mortgage Payments:

Annual cost of Loan:

$4,750,000

$73,000,000

$1,850,000

$1,450,000

$3,300,000