$1,699,000Asking Price
Investment opportunity for a forward thinking single investor or group. Very well maintained multi-residential 6 unit apartment building in the Village of Pefferlaw with very reliable Longterm tenants. Income statements attached as "Financials". Current Gross Income of $100,376. The Seller has made preliminary inquiries with the Town of Georgina to develop two additional basement apartments. Drawings are attached as "Potential Basement Apartments". Gross income potential if the basement is developed with Two new apartments is estimated to be $160,800. Current operating expenses are "$16,459". The Seller has also made preliminary inquires with the local authorities to sever the unused vacant land to the rear of the property. A preliminary site plan is attached as "Potential Site Re-Development". A conservative estimate of current market value of $200,000 per lot is considered reasonable with a successful severance application. There are very few building lots available in the immediate area.
Investment opportunity for a forward thinking single investor or group. Very well maintained multi-residential 6 unit apartment building in the Village of Pefferlaw with very reliable Longterm tenants. Income statements attached as "Financials". Current Gross Income of $100,376. The Seller has made preliminary inquiries with the Town of Georgina to develop two additional basement apartments. Drawings are attached as "Potential Basement Apartments". Gross income potential if the basement is developed with Two new apartments is estimated to be $160,800. Current operating expenses are "$16,459". The Seller has also made preliminary inquires with the local authorities to sever the unused vacant land to the rear of the property. A preliminary site plan is attached as "Potential Site Re-Development". A conservative estimate of current market value of $200,000 per lot is considered reasonable with a successful severance application. There are very few building lots available in the immediate area.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 2 4-Piece Bathrooms on Main Floor | ||||
| 4 4-Piece Bathrooms | ||||
How Far is Too Far?
See personalized commute details for each listing by adding your favourite places (like work or daycare) and mode of travel.
Sign up to see commute timesAlready signed up? Sign in
Pefferlaw, Georgina is a north GTA neighbourhood notable for its tradespeople. Residents tend to be older with a significant number of adults aged 30 to 34, 30 to 34, 30 to 34 and 30 to 34 and seniors aged 65 to 74.
Kids Per Family
1.0
kids per family
in the neighbourhood.
37%
of residents are
single and loving it.
37% singles
Georgina (42%)
10%
of residents
are renters.
10% renters
Georgina (16%)
12%
of residents are
university grads.
12% university grads
Georgina (16%)Average Household Income
$93K
is the average household
income in the neighbourhood.
Professions
| Trades | 16% |
| Sales | 13% |
| Business | 9% |
| Management | 5% |
| Government | 5% |
11%
of residents were
born outside of Canada.
11% immigrants
Georgina (14%)2.5% from UK
All-time
0.3% from Jamaica
Recent
Foreign Languages
| German | 1% |
| Russian | 1% |
| Spanish | 1% |
| French | 1% |
| Portuguese | 1% |
Religions
| Christian | 50% |