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This 6 plex, comprised of four different municipal addresses in downtown Brighton, already provides a great return and still has lots of room to produce more income in the future. The units at 15-17 Young Street are huge three bedroom, 2 bath, townhouse style rentals with both front and rear entrances, and amenity space out back. The units at 19 young street are configured in an up and down duplex style. Both units are 2-bedroom, one bath, and the upper unit has undergone a huge $63,000 renovation including a new kitchen, new bathroom and hard-wired smoke alarms in 2022. The lower unit had a new shower installed. Both have front and rear entrances with a deck or small yard out back. The units at 21 Young are also set up in an up and down duplex style. The lower apartment has a long-term tenant that takes impeccable care of the unit. All units have separate hydro and water meters. All tenants pay their own water and hydro with the exception of the upper unit at 21 Young Street. A gas boiler, new in 2022 heats the units from 15, 19-21. 15 Young Street has a separate gas furnace that is paid for by the tenant. 15 Young Street is currently vacant but will be leased in January 2023. All rents increasing by 2.5% starting January 1/23. N1 notices have been given. CHECK OUT THE VIRTUAL TOUR IN HD! NET RENTS STARTING ON JANUARY 1ST 2023: $65,982.50 Gross rents: $80,220 Expenses: $16,243 Net rents: $63,977 (id:24093)
Listed by Andrew Walmsley of Re/Max Quinte Ltd.,Brokerage

Property Details of 15 Young Street

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"Based on information submitted to CREA as of December 9, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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