The Largest Number of Homes for Sale
Multi-family for sale
219 Vermilion Avenue, Other
$2,360,000
$2,360,000
Multi-family for sale
219 Vermilion Avenue, Other
Features
Year Built
1961
Floor Area
17,132 sqft
Lot Size
13,068 sqft
Gross Property Tax
$25,500 /year
Building Type
Low Rise (2-4 storeys), Mixed Use, Street-Level Storefront
Zoning
C2
Subject Property Width
130 ft
Subject Property Depth
100 ft
Amenities
Laundry Facility, Separate Controls
Bylaws Restriction
None Known
Suite Mix Information
2 x Bachelor/Studio, 7 x 1 ½, 1 x 2 ½, 10 x Other
Total no. of Units
10
Description
Opportunity to obtain an extensively renovated multi-tenanted mixed use investment property, featuring Commercial on the Main Floor and 10 Residential units above. Constructed circa 1960s and extensively upgraded in the last 5 years. The main floor retail unit totals approximately 9,577 sq. ft. and is fully leased to Fields Store under a new 5-year term effective November 2024. The second-floor residential units have been upgraded in 2021. Situated on an approx. 13,024 sq. ft. C2-Central Business zoned lot. Offered at an attractive CAP rate of 7.02% on the asking price with a solid tenant mix makes this a smart investment for the future.
MLS® Number C8073472