- Status:
- Sold
- Sold Date:
- Aug 15, 2025
- Listed Price:
- $899,000
- Sold Price:
- $885,200
- Sold in:
- 87 days
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202511594
- Year Built:
- 1936
Opportunity to own a positive, cash flowing, building located in a convenient location in Armdale! Walk to Chocolate Lake for a swim. Bus routes to Bayers Lake & Downtown right at your feet. With $96,000 plus of income, this is a great long term hold. 2, 3, and 4 bedroom units with a garage and lots of parking. NOI $77,058 and a cap rate @ 8.5%. Current lease are $1900 uper 2 bedroom periodic lease, lower 2+den 2700 Fixed expires Aug 30, $3400 main floor 4 bedroom Lower Den does not have a window and does not meet egress.
- St Margarets Rd to Birches Dr
- Listing Sub-Area:
- 8-Armdale/Purcell's Cove/Herring
- Property Type:
- Multi-Family
- Multi-Family Type:
- Triplex
- Title To Land:
- Freehold
- Building Dimenions:
- 38x30+14x10+14x10
- Lot Size:
- 7,501 sq. ft.
- Prop Size:
- Under 0.5 Acres
- Commercial / Retail Space:
- No
- # of Rental Units / Occupied:
- 3
- Year built:
- 1936 (Age: 89)
- Age:
- 89
- # Floors:
- 2
- Exterior Finish:
- Aluminium Siding, Vinyl
- Foundation:
- Concrete
- Basement:
- Fully Developed
- Floor Finish:
- Ceramic, Hardwood, Laminate, Vinyl
- Roof:
- Asphalt Shingle
- Heating:
- Baseboard, Furnace
- Fuel:
- Electric, Oil
- Garage Description:
- Single detached
- Parking:
- Yes
- Parking Description:
- 4 spots, paved.
- Driveway:
- Multiple Driveways, Paved
- Water Supply:
- Municipal
- Water And Sewage:
- $3,635
- Sewer:
- Municipal
- Num Units:
- 3
- Num 2 Bed Units:
- 1
- Num 3 Bed Units:
- 1
- Num 4 Bed Units:
- 1
- # Of Dryers:
- 1
- # Of Fridges:
- 1
- # Of Stoves:
- 1
- # Of Washers:
- 1
- Rental Income:
- Yes, $96,000
- Approx. Net Income:
- $77,058
- Insurance Expense:
- $1,850
- Taxes Costs:
- $3,998
- Management expense:
- Self
- Snow / Garbage Collection:
- Tenants
- Heating Bill:
- $5,459
- Electricity Bill:
- $,4000 est.
- Approx. Total Expense:
- $18,942
- Approx. Total Income:
- $96,000
- Cable, Fireplace(s), Laundry, Main Flr Fam Rm, Telephone
- Appliances
- Tenants belongings
- Park, Playground, Recreation Center, Shopping, Beach
- Stove, Dryer, Washer, Refrigerator
- None
- Deck, Patio
- No
- Zoning:
- R-1 - RESIDENTIAL LOW DENSITY
- Possession Info:
- Negotiable
- Elementary School:
- Springvale Elementary School
- French Imm Elementary School:
- St Catherine's Elementary School
- French Imm High School:
- Citadel High School
- French Imm Middle School:
- Oxford School
- High School:
- Citadel High School
- Middle School:
- St Agnes Junior High School
- Listed Date:
- May 20, 2025
- Days on Mkt:
- 48
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Listed by Exit Realty Metro
Data was last updated July 7, 2025 at 09:20 PM (UTC)
- SANDRA PIKE
- ROYAL LEPAGE ATLANTIC
- 1 (902) 478-8711
- Contact by Email
