Purchase Price: $999,900

Six - 2 Bedroom 1 bathroom Units

Tremendous opportunity to add a purpose built 6 plex to your portfolio. Located between Brock and Johnson Streets, this 6 unit building has 2 bedrooms and 1 full bathroom per unit, and is walking distance to Queen's University and The Hub. Current gross income is $74,204 based on current rents and parking/laundry income. There are 3 apartments currently under market rents, so plenty of potential for a new buyer! Offers to be considered after 11 a.m. on the 19th of August.

101 TORONTO ST – PROJECTED REVENUE AS OF SEPTEMBER 1, 2019

APARTMENT 1: $725.53/MONTH X 12 MONTHS = $8,706.36

APARTMENT 2. $814.40/MONTH X 12 MONTHS = $9,772.80

APARTMENT 3. $790.45/MONTH X 12 MONTHS = $9,485.40

APARTMENT 4. $1,200/MONTH X 12 MONTHS = $14,400

APARTMENT 5. $1,200/MONTH X 12 MONTHS = $14,400

APARTMENT 6. $1,280/MONTH X 12 MONTHS = $15,360

TOTAL GROSS RENT FROM AUG 1, 2019-JULY 1, 2020 = 70,924.56

LAUNDRY = $2,200 (MINIMUM ESTIMATE)

PARKING = $1,080 (3 OF 5 RENTED)

TOTAL GROSS REVENUE = 74,204.56

EXPENSES:

TAXES: $8,931

UTILITIES: $3,334

INSURANCE: $2,885

TOTAL EXPENSES: ($15,150)

TOTAL NET (PROJECTED) INCOME: $59,054.56

 

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Total Exterior Area Grade: 3764 sq ft

 

Floor Area Information

Main Building

2ND FLOOR 

Interior Area: 1455 sq ft
Perimeter Wall Length: 163 ft
Perimeter Wall Thickness: 31 in
Exterior Area: 1875 sq ft

3RD FLOOR 

Interior Area: 1468 sq ft
Perimeter Wall Length: 163 ft
Perimeter Wall Thickness: 31 in
Exterior Area: 1889 sq ft

LOWER LEVEL (Below Grade)

Interior Area: 889 sq ft
Perimeter Wall Length: 144 ft
Perimeter Wall Thickness: 31 in
Exterior Area: 1260 sq ft

Total Above Grade Floor Area

Main Building Interior: 2923 sq ft
Main Building Exterior: 3764 sq ft

Note: For explanation of floor area calculations and method of measurement please see https://youriguide.com/measure/

Room Dimensions

Main Building

2ND FLOOR

4pc Bath: 4'10" x 7' | 34 sq ft
4pc Bath: 5'3" x 7'4" | 38 sq ft
Bedroom: 10'10" x 8' | 86 sq ft
Bedroom: 11' x 8' | 88 sq ft
Dining: 8'7" x 11'6" | 87 sq ft
Kitchen: 11'7" x 11'9" | 135 sq ft
Kitchen: 8'7" x 8'4" | 69 sq ft
Living: 11'5" x 14'7" | 167 sq ft
Living: 17' x 9'7" | 161 sq ft
Master: 10'10" x 12'2" | 120 sq ft
Master: 11' x 10'7" | 106 sq ft

3RD FLOOR

4pc Bath: 4'10" x 7'2" | 35 sq ft
4pc Bath: 4'10" x 6'8" | 33 sq ft
Bedroom: 11'1" x 7'9" | 83 sq ft
Bedroom: 11'1" x 8'11" | 95 sq ft
Dining: 8'5" x 11'3" | 86 sq ft
Kitchen: 8'6" x 8'6" | 70 sq ft
Kitchen: 11'7" x 10'7" | 123 sq ft
Living: 11'7" x 14'5" | 167 sq ft
Living: 17' x 10'10" | 183 sq ft
Master: 11'2" x 10'10" | 120 sq ft
Master: 11'1" x 11'2" | 124 sq ft

LOWER LEVEL

4pc Bath: 5' x 6'6" | 32 sq ft
Bedroom: 10'11" x 9'10" | 101 sq ft
Dining: 5'8" x 8'2" | 46 sq ft
Kitchen: 7'9" x 10'6" | 73 sq ft
Laundry: 8'7" x 10'9" | 75 sq ft
Living: 14'7" x 10'6" | 154 sq ft
Master: 11'2" x 9'10" | 110 sq ft

Note: Room dimensions are largest width and length, parts of room may be smaller.

All room dimensions and floor areas must be considered approximate and are subject to independent verification


 
 

Toronto Street and Area

This area is within walking distance to Queen's University and sits on the border of the Queen's Campus District. You'll find a mix of of fine older homes with student housing.