
Courtesy of: Shauna Lynch, PREC - DIAL THOMAS LYNCH, RE/MAX Core Realty
$1,090,000
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5,865 square feet
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Multi-family
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$1,090,000
3806 5TH AVENUE Well-maintained 6-unit apartment building offering strong income potential & immediate upside. Each unit features 2 bedrooms &1 bathroom, with recent updates including new flooring, fresh paint, modernized kitchen & bathroom cabinetry, &new fridges. Five of the six units are currently vacant, providing a rare opportunity for a new owner to set rents at current market rates &optimize returns from day one. The remaining unit offers income while the building is repositioned. Each unit is equipped with baseboard heat, its own hot water tank, & separate hydro meter, with tenants paying their own utilities to help keep operating costs low. Ideally located on a bus route & in close proximity to schools & downtown, this property offers excellent accessibility &long-term rental appeal. A solid investment opportunity with value-add potential in a convenient, high-demand location (id:203)