***Priced 100K BELOW recent appraisal*** Fully rented & purpose-built for performance, this 9-unit investment property (6 built) offers immediate income with future 3 unit development(zoned, approved and permitted). Located at Main & Grain in Selkirk, the property features 2 modern triplexes (3 units each), with all 6 three-storey townhome-style units fully rented($2,100) with low turnover. Each 1,700 sq ft unit offers 3 bedrooms, 2.5 baths, insulated attached garage with storage, open-concept living, kitchen with stainless steel appliances, in-suite laundry, balcony and upstairs bedrooms. All units feature independent HRV, high-efficiency furnace, HWT, central A/C, and separately metered water, hydro and gas. One unit includes upgraded finishes. The site also includes a poured foundation with services in place for a 3rd triplex, plus an asphalt parking pad with 11 stalls. Seller may complete the 3rd building to drywall for the right buyer, offer and terms, and is willing to consider a share sale, allowing the buyer to avoid land transfer tax. A turnkey investment with built-in scalability. CALL FOR A BROCHURE.
Single Attached, Heated, Indoor Parking, Insulated, Parking Pad, Surface
Covered Parking Spaces:
6
Heated Parking Spaces:
6
Total Parking Spaces:
17
Paved Parking Spaces:
11
Number Garages:
6
Construction:
Wood Frame
Corner, Downtown, High Traffic Location, Public Transportation, Street Exposure
1 or More Washrooms, Appliances Included, Balconies, Fully Air Conditioned, Separate Entrances, Separately Meter Water, Separately Metered Gas, Separately Metered Hydro, Storage
Gross Income:
151200.0
Net Income:
93530.0
Tenant pay for:
Gas, Hydro, Water
Repairs expenses:
7560.0
Insurance expenses:
6507.0
Lease Op Costs Include:
Land Tax, Maintenance
Total Expenses:
57670.0
Title to Land:
Freehold
Lease type:
Annual
Number of Buildings:
2
Pro Forma:
Yes
Power Type:
120/208 V
Number of suites:
6
Number of Units:
6
3-Bedroom Units:
6
Welcome to 210 Main "Main+Grain", Selkirk!
Concept rendering of future 3rd building and existing asphalt parking layout.
Rare opportunity to acquire a 9-unit complex with 6 fully rented units already constructed. The property features two 1,700 sq ft triplex buildings with oversized attached heated garages, plus a poured foundation and services ready for the 3rd triplex, al