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Alan Lake
61 Lakeshore Road W Oakville, ON L6K 1C9
Phone: 905-338-1515 Mobile: 416-433-9749 Fax: 905-338-0101
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Almonte (Mississippi Mills, Ontario, CA - K0A 1A0) Under Construction

$5,549,900

Century 21 Dreams Brokerage

Alan Lake Alan Lake 905-338-1515 (Office) 416-433-9749 (Cell) 905-338-0101 (Fax) Request More Info

  • Type: Commercial
  • Style: 3 Story "24 Units"
  • Development Level: Under Construction
  • Year Built: 2019 "Approx"
  • MLS ® #: 1106367

Description

To be built 3 storey investment property with Elevator in the beautiful town of Almonte Ontario. Building will be completed & fully tenanted by summer 2019. 24 rental apartments with 2 x one bedrooms, 17 x two bedrooms, & 5 x three bedrooms units. Building has efficient hot water boiler system. ERV's (energy recovery) in each unit, 24 hydro meters (tenants pay for in-unit hydro costs), ELEVATOR, 35 parking spots incl. visitor and disabled parking, 40-year fiberglass shingles, double pane laminated glass windows for reduced noise and UV. Each apartment will be equipped with a fridge, stove, and dishwashers. Great management team in place & existing contract can be assumed. Live-in superintendent. Income generating Laundry facilities on each floor with Coinamatic machines. Located a short distance to grocery stores, shopping, Almonte hospital & downtown Almonte with it's many restaurants & shops. Income and expenses are estimated as the building is yet to be completed. Comps available.

To be built - investment property with 24 apartment units in the beautiful community
of Almonte Ontario within the new Mill Run subdivision.
• This is the first 24 unit apartment building to be built out of 96 units.
• Each building will be comprised of 2 x one bedrooms, 17 x two bedrooms, and 5 x
three bedrooms apartment units.
• To be built with efficient & clean hot water boiler system, Elevator, ERV's in each
unit, 24 hydro meters, approx. 35 parking spots plus visitors & disabled, 40-year fiberglass
shingles, double pane laminated glass windows for reduced noise and UV.
• Fridge, stove & dishwashers in every apartment unit included.
• Laundry facilities equipped with Income generating machines on each floor.
• Great management team in place.
• Located a short distance from grocery stores, shopping, the Almonte hospital &
Almonte’s historic downtown.

Property Evaluation Annual Total
Estimated Revenues & Expenses
Rental Income $361,380.00
Laundry $6,000.00
Gross Revenues $367,380.00
Estimated Operating Expenses
Realty Taxes (2019 Estimate) $55,000.00
Insurance $4,606.00
Water & Sewer $3,993.00
Heat $5,862.00
Management $9,763.00
Hydro $5,679.00
Other $3,812.00
Total Operating Expenses $88,715.00
Estimated Net Operating Income
$278,665.00
Price: $5,599,900 + HST
Location:
Honeyborne St., Almonte , ON
Lot Size: To be Determined
Taxes: $55,000 approx.
Zoning: RESIDENTIAL - Residential
Fourth Density (4)
Parking: 35 Incl. Plus Visitors &
Disabled
Heating: Hot Water & Natural Gas Boiler
Chattels: 24 Fridges, 24 Stoves, 24 Hood
fans, 24 Dishwashers, 1 Hot Water Tank

Attachments

Brokered and Advertised by : Capital Homes Realty Inc., Brokerage
P2#282308209
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Information is deemed to be correct but not guaranteed.

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