$5,299,900 · Attention Investors! 3 storey multi-family property in town of Almonte

306 HONEYBORNE ST, Almonte K0A 1A0 Listed at $5,299,900 MLS#1149389 Under construction Attention Investors! 3 storey multi-family property with Elevator in the beautiful town of Almonte. Being built by a PREMIUM BUILDER with a successful portfolio, completed & tenanted by summer 2019. 24 rental apartments with 2 x one bedrooms, 17 x two bedrooms, & 5 x three bedrooms units. Efficient hot water boiler system. ERV's (energy recovery) in each unit, 24 hydro meters (tenants pay in-unit hydro costs), ELEVATOR, 35 parking spots incl. visitor and disabled parking, 40-year fiberglass shingles. Each apartment will be equipped with a fridge, stove, & dishwashers. Great management team in place & existing contract can be assumed. Income generating Laundry facilities on each floor with card operated machines. Located a short distance to grocery stores, shopping, Almonte hospital & downtown Almonte with it's many restaurants & shops. Income and expenses are estimated as the building is still under construction, but available for private viewings by appointment only. Details: Price: $5,299,900 Location:Honeyborne St., Almonte , ON Lot Size: To be Determined Taxes: $50,000 approx. Zoning: RESIDENTIAL - Residential Fourth Density (4) Property Evaluation Annual Total Estimated Revenues & Expenses Rental Income $378,120.00 Laundry $6,000.00 Estimated Gross Revenues $384,120.00 Estimated Operating Expenses Realty Taxes (2019 Estimate) $50,000.00 Insurance $4,391.00 Water & Sewer $5,126.00 Heat $5,345.00 Management $13,842.50 Hydro $2,760.70 Other $15,580.11 Total Operating Expenses 97,045.31 Estimated Net Operating Income $287,074.69 Estimated CAP Rate: 5.42% Contact for more details