TURNKEY INVESTMENT OPPORTUNITY! Recently Completed purpose built rental 44-UNIT CONDO DEVELOPMENT Rarely does an asset of this scale and caliber hit the market. Just completed this past spring, this pristine, master-planned multi-family purpose built rental development offers an incredible opportunity for investors seeking strong cash flow with zero construction risks. The property features a highly versatile, tenant-focused product mix designed to maximize ROI, consisting of 24 traditional townhouses alongside 20 innovative multi-level units featuring distinct upper and lower layouts. The 24 premium townhouses feature a highly desirable 3-bedroom, 2.5-bathroom floor plan complete with private attached garages, commanding $2,395 per month. The 10 upper-level units offer an expansive 2-bedroom plus den, 2-bathroom layout, which also includes private attached garages, renting for $2,095 per month. The 10 lower-level units are beautifully optimized 2-bedroom, 1-bathroom layouts renting at an attractive entry point of $1,695 per month.To ensure maximum profitability and minimal landlord overhead, all tenants pay 100% of their own utilities. Every single one of the 44 units comes fully equipped with a brand-new, modern appliance package, including a refrigerator, stove, dishwasher, over-the-range microwave, and a convenient in-suite washer and dryer. With 34 out of the 44 total units featuring coveted private garage parking, this complex commands top-tier market rents and attracts exceptionally qualified, long-term tenants. Skip the builder delays and material shortages-this asset is brand new and ready to perform. Financial statements, a current rent roll, and site plans are available with a signed NDA. Don't miss out on adding this crown jewel to your portfolio. (id:42568)
| MLS® Number | X13504818 |
| Property Type | Multi-family |
| Community Name | Aylmer |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 3 Acres |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Other |
| Acreage | Yes |
| Size Depth | 437 Ft |
| Size Frontage | 75 Ft |
| Size Irregular | 3.33 |
| Size Total | 3.33 Ac |
| Size Total Text | 3.33 Ac |
| Zoning Description | R |
https://www.realtor.ca/real-estate/29970384/335-john-street-s-aylmer-aylmer
Contact us for more information
Dane Willson
Broker
(519) 842-8418
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