4045 Elmview Drive, Hanmer, Ontario P3P1R9

Property Description

With mixed emotions, the sellers are offering this exceptional investment property for sale. Located in the heart of Hanmer, this impressive, predominantly brick fourplex is situated on a generous 105' x 150' lot and generates $104,478 in current annual gross rental income which represents a 7.52% cap rate. Built in 1991, the property features a practical layout with private entrances, in-suite laundry, balconies and individual heating and air conditioning. Exceptionally well equipped with five gas meters, five gas furnaces, five hydro meters and five air conditioning units, three of which are new. With virtually no interior common areas other than the hydro meter room, the building offers excellent functionality and minimal shared space to maintain. The expansive paved parking area provides plenty of room for vehicles and snow storage throughout the winter months. Conveniently located directly across from the local recreation centre and close to everyday amenities. A substantial income-producing property offering an attractive opportunity for investors looking to expand their portfolio. (id:5764)