Multi-family for sale
575 Evergreen Drive, Port Edward
$499,000
Features
Year Built
1969
Lot Size
14,334 sqft
Gross Property Tax
$2,643.94 /year
Building Type
Low Rise (2-4 storeys), Mul Tenant/MultiPlex (5+)
Zoning
R2
Amenities
Outside Storage, Fenced Yard
Suite Mix Information
8 x 1 ½
Total no. of Units
8
Financial Summary
$5,097
Description
Situated in desirable Port Edward, Evergreen Apartments sits on a flat 14,334 sq. ft. lot across from a ballpark and near the marina. The property includes eight one-bedroom units and a common laundry area, with individual hydro meters and baseboard heating in each suite. Currently cash-flowing and professionally managed, the building also offers ample fenced parking and storage at the rear. With upside potential for future improvements, this asset presents strong long-term value appreciation. Monthly rental income is $5,097.87.
MLS® Number C8075311