This 0.1477 Ha property is located near a major freight wharf and contains a three-unit bungalow style apartment building. The building is old but well maintained. Two of the apartments are one-bedroom; the third apartment has two bedrooms. Occupancy is high and turn-over is low. The one-bedroom apartments rent for $650.00 per month and the two-bedroom apartment rents for $700.00 per month; all three rental rates are on a utilities-included basis. The basement space contains a common laundry room and also has space for a fourth apartment and a maintenance workshop. Roof shingles on the back part of the building were replaced ten years ago and the front roof shingles five years ago. Electricity costs vary with the seasons and range from $400.00 to $950.00 per month. This is an income property and it can be argued that its LOCATION near the main harbour freight wharf ADDS significantly to its VALUE. Please Note: All monetary references in this listing, as in all my listings, are in CANADIAN DOLLARS. (id:47053)
