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675 Leila Avenue - Very solid and well built concrete construction apartment building for sale in prime location close to transportation and shopping. Built in 1984 by current owners and extensively renovated in 2014. 40 apartments with 19 one bedroom suites and 21 two bedroom suites. Extensive renovations in 2014 include new roof, windows, mostly upgraded water lines, paved parking lot and installation of oversized OTIS elevator. Renovations to the suites included newer appliances, new counter-tops, new vanities, tubs, toilets and flooring (see listing agent for complete list of renovations). 44 parking serviced parking stalls. 2018 financials - Total revenue-$498,744.00 per yr. Total expenses-$186,529.00 per year. Net income-$312,215.00 per year. Vacancy Allowance 1.5% Manage Allowance 3.55%

Property Details

  • ID: 1901383
  • Year Built: 1984
  • Parking Type Description: Other 44 cars
  • Property ID: 101380261
  • Status: Sale Pending
  • New Construction: No
  • Style: Commercial
  • Storeys: 3
  • Lot Area: 1.00 Acres

Features

Amenities Window Air Conditioned, Separately Metered Hydro, Security / Alarm, Laundry Facility, Elevator Passenger, Caretaker, Balconies
Construction Type Concrete Block, Concrete
Exclusions 0
For Lease Y/N No
For Sale Y/N Yes
Has Fireplace No
Heating Electricity
Other Total Hectares - 0.405, Number of Units - 40, Number of Energized Parking - 44, Number of Buildings - 1, Number of 2 Bed Apartments - 21, Number of 1 Bed Apartments - 19, APOD Net Income - 312215, APOD Gross Income - 498744, APOD Expenses - 186529
Security Y/N Yes
Site Influences Street Exposure, Shopping Centre, Public Transportation, Paved Lot
Site Services Street Lighting, Paved Streets, Fully Serviced, Electricity, City Water
Title to Land Freehold
Listed By Glen Williams of CENTURY 21 Bachman & Associates