Description
Welcome to 116 Coronation Ave! This 2-unit bungalow is located in the heart of Fairview and has a capitalization rate of 5.3%. The upper unit features 2 bedrooms, 1 bathroom, electric baseboard heating, and a ductless heat pump. The tenant currently pays $1,375/month + NSP on a fixed-term lease until September 30, 2026. The lower unit offers 1 bedroom, 1 bathroom, and was fully renovated in 2019. It also includes electric baseboard heating and a ductless heat pump. The tenant currently pays $1,400/month + NSP on a fixed-term lease until August 31, 2026. Theres enough parking for two cars, one for each unit. With its prime Fairview location, this property offers strong rental appeal and consistent demand, making it easy to fill vacancies when they arise. Total rental income is $33,300. Property taxes for 2026 are $3,037.28. Current annual insurance cost is $1,951.92. Last years water bill expense was only $663.39. Current NOI is $27,647.41. (id:56844)
- ID:
- 202609146
- Category:
- Multi-family
- Status:
- Active
- Lot:
- 0.1374 acres
- MLS® Number:
- 202609146
- Common Interest
- Freehold
- Parcel Number:
- 00254110
- Year Built:
- 1960
- Building Type:
- Duplex
- Community Name:
- Halifax
- Days On Market:
- 0
- Concrete Perimeter
- Full
- Walk out
- Wood shingles
- Laminate
- Ceramic Tile
- Duplex
- Municipal water
- Municipal sewage system
Inquire Today
Dawn Magee
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