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1220 Chamberlain Avenue - The bank is in charge and wants the remaining units in this 340 unit condo complex sold in as a bulk sale. 20 newer (2017) town house style condo units in a 28 unit building (8 owner occupied) fully rented. The suites are all big 3 Br 3 bath town homes 1315 & 1400 sq ft. These are fully loaded and look very impressive to tenants, some extras incl. island kitchens, quartz counters, 6 whirlpool appliances, ceramic tile, custom lighting, flooring etc. Each suite includes an assigned parking stall. Ideally located near schools, transportation, shopping etc., these hard to find 3 BRs will always be in demand. 20 individual titles allows for simple & profitable flexibility in the future. Each of these town homes were quickly leased with good quality tenants, for an average rent of $1440 per month This is a nice new easy turnkey investment with great management in place. Virtual Tour

Property Details

  • ID: 1926935
  • Status: Active
  • New Construction: No
  • Property ID: 101439136
  • Storeys: 0
  • Style: Commercial
  • Parking Type Description: Other 20 cars

Features

Amenities Separately Meter Water, Property Manager, Fully Air Conditioned, Fire Alarm, Balconies, Appliances Included
Building Type Townhouse, Condo
Exclusions 0
For Lease Y/N No
For Sale Y/N Yes
Has Fireplace No
Heating Geo-Thermal, Forced Air
Other Parking Cost Stall Month - 45.00, Number of Suites - 20, Number of Energized Parking - 20, Number of 3 Bed Apartments - 20, Cost per Suite - 1440, Condominium Name - Terra Commons, Condo Corp Number - 777, APOD Gross Op Income - 345600, APOD Gross Income - 345600
Parking Visitor Stalls
Site Influences Shopping Centre, Public Transportation, Park/Reserve
Title to Land Freehold
Listed By Garry Hirsch and The Hirsch Team of CENTURY 21 Carrie Realty