Looking for a lucrative investment opportunity? Look no further than this stunning Multi Family 7-unit residential building! Gross income of $104,000 annually & possible VTB available. Situated on a sprawling 183x153 ft lot, this property boasts ample space for tenants to live comfortably, while also providing a wealth of potential for savvy investors to increase profits over time. Featuring 5 spacious 2-bedroom units, 1 bachelor unit, and a currently vacant 3-bedroom unit. Three of the 2-bedroom units are greatly under market rent. This property offers a variety of housing options to suit any tenant's needs. Each unit is equipped with its own hot water tank rental and tenants are responsible for paying their own hydro & tank rentals, ensuring a consistent stream of income for the discerning investor. This property also includes the added convenience of 10 parking spaces for tenants. Plus, with hot water heat throughout and an annually serviced boiler, this property is designed for maximum efficiency and ease of use. Income is actual for 6 units plus an estimated value of $2250 with views of Lake Nipissing for the 7th unit. Expenses are actual costs. The seventh unit 3 bedroom requires renovations and fire retrofit for occupancy. The seller has open & transferable city building permit for renovations and the build of the fire escape for the 3rd unit. The Seller will provide the engineered drawings, geo-textile quote & additional quote for fire escape once received. Recent upgrades include a sewer line replacement in 2020 and fire retrofitting for units #1-6 in 2016, chimney repaired, fencing, updates to 3 units. With supporting documents on file for both income and expenses, this Multi Family 7-unit residential building is truly an investment opportunity that you will not want to miss. Don't wait - schedule your viewing today and start earning passive income with ease! (id:2471)