Cross Streets: Entrance Dr & Alexandra St. ** Directions: Hwy 11 N to 118W to Ecclestone Dr (Hwy16) to Hwy 37 (Entrance Dr) south to Alexandra St. Great opportunity for Investment. Purchase a 12 Unit Apartment Building. The property currently has approximately 2 Acres of Land, included, of which the owner is in the process of zoning and severing for a proposed 14 unit Apartment Building. The building can be purchased with or without the extra acre + of land. Price is based on 5.5% cap rate on CMHC income and expense standards. Common area water & sewer $5,331/yr and Hydro $1,516/yr. Tenant pays utilities. Common are payable by Owner. (id:27476)
