Address: 16792 Hwy. 17 W.
City/Community: Township of Wainwright
Price: $369,000
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Listing Number: CBOR 08
Legal: Pts. 3&4 on 23R8068
Property Type: Rental
Zoning: Unorganized
Status
  • Active

Description
Business Type: Rental
Full Description: Have a look at this investment opportunity with a good income. This 2.23 acre property has a total of 9 rental units with a present annual gross income of $45,900.00. Annual expenses are currently about $7351.00 - this includes taxes, hydro, insurance, grass cutting and snow clearing. Each unit, except one, has a fridge and an electric range. Seven of the units, 3,4,5,6,7,8 and 9 have two bedrooms. Unit 10 is a one bedroom home. Unit 2, a nicely remodeled mobile home has two bedrooms. Units 4 to 7 were remodeled and redone under one roofline in 2000 and 2001. Unit 8 was enlarged and remodeled in 2006/2007. Unit 3 was remodeled in 2007 including siding, flooring, windows and more. The owners have constantly maintained and upgraded and done work on the property each year. Laundry building with a coin operated washer and a coin operated dryer. A riding lawn mower is also included. Natural gas and Shaw cable are available in this area. The property is large enough so that you could add more units. Close to shopping, schools, recreation facilities, churches, etc.
Property Details
Details: Hot Water Tanks/Electric/Owned Services Available/Cable/Gas/Hydro/Telephone
Rental/Lease
  • yes

Lot Dimensions: 361' x 417' irr
Area: 2.23 acres
Assessment: $257,000
Property Tax (Est.): $2,000
Heat System: Heating Electric/Basebaord/Owned
Water/Sewer System: 149' Drilled Well/Septic
Dimensions
Building Dimensions: 9 rental units
Other Room: Unit 9-21' x 25'
Other Room: Unit 10-16' x 26'
Other Room: Laundry -12' x 16'
Other Building: Unit 2-12' x 60'
Other Building: Unit 3-24' x 32'
Other Room: Unit 4--7-26' x 26' (each)
Other Room: Unit 8-24' x 34'
Floor Plans
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Listed by Denis A. Belleville | Phone: 807-223-3245 | Fax: 807-223-5188

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. The prospective buyer should carefully verify the items of income and expense and all other information contained herein.


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