Originally built in 1966, 2228 Triumph Street is improved with a four-storey, 22-unit apartment building. Perched on a 12,078 SF lot, the Property is finished with a newly-painted stucco façade which is complimented by manicured landscaping and a large, inviting entryway.
- 4.52% Capitalization Rate wth Further Income Upside
- 50% of the units have been renovated showcasing a clear path to further income upside upon tenant turnover and renovation
- Attractive assumable CMHC mortgage negates interest rate concerns
- Held in a Bare Trust allowing for potential $363,000 in Property Transfer Tax savings
- Building system and common area upgrades completed, ensuring cashflow protection and limited future capital improvements required
- Future development potential under the Grandview Woodland OCP
Listing Agent: Steve Fame *PREC - 604.761.3263 - email
(*PREC personal real estate corporation)