Masters Group

Property Details

412 ROSS Street, Lucknow, Ontario, N0G2H0

412 ROSS Street, Lucknow, Ontario, N0G2H0 (ID 40483651)
Representative
Joe Mavretic portrait
Joe Mavretic
Sales Representative
RE/MAX Centre City Realty Inc., Brokerage - St. Thomas*
Cell: 519-630-6786
Tel: 519-633-1000

$3,650,000 - For sale

ID#:40483651

20 Units plus 12 storage units with Net Operating Income of 214,973.33. This outstanding turnkey operation comprises three buildings, featuring a total of 20 individual dwellings, including 16 two-bedroom units and 4 one-bedroom units. Additionally, there are 12 individual storage units available. What sets this property apart is its inclusion of a dedicated laundry facility and maintenance shed, as well as ample space and approval for future development possibilities of 16 more units! All units are designed for convenience, offering main floor exterior access to each dwelling. This design not only attracts long-term residents but also provides a hassle-free living experience. The buildings are constructed with sturdy all-brick exteriors and durable asphalt shingled roofs, making them an ideal choice for investors seeking to minimize maintenance and repair costs. There is also a promising opportunity to increase revenue through tenant turnover and by introducing pay-per-use laundry facilities. This aesthetically pleasing apartment complex is certain to leave a lasting impression on potential investors. (id:2471)

Location DescriptionLeft onto Ross Street off of Lucknow Line, Building will be on your left

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Property Details
  • Property Address:412 ROSS Street, Lucknow, Ontario, N0G2H0
  • Property Type:Multi-family
  • Title:Freehold
  • Lot Size:2.904 ac|2 - 4.99 acres
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Parking Space Total:35
Structure Details for 412 ROSS Street, Lucknow, Ontario, N0G2H0
  • Bedrooms:36
  • Bathrooms:20
  • Floor Space:5000
  • Heating Type:Electric, In Floor Heating
  • Storeys:1
  • Basement Type:None
  • Foundation Type:Block
  • Cooling Type:Wall unit
  • Exterior Type:Brick, Vinyl siding
Representative
Joe Mavretic portrait
Joe Mavretic
Sales Representative
RE/MAX Centre City Realty Inc., Brokerage - St. Thomas*
Cell: 519-630-6786
Tel: 519-633-1000
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412 ROSS Street, Lucknow, Ontario, N0G2H0

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