111 Cow Bay Road

Description

Located in Eastern Passage, this 12-unit multi-residential property situated at 111 Cow Bay Road is an ideal investment opportunity. Constructed in 2023, this high-quality asset features modern finishes, private balconies, quartz countertops, heat pumps, and in-suite washers and dryers throughout. The building offers an attractive unit mix, including one- and two-bedroom suites with bedroom-sized dens. The property is fully leased with no vacancy and benefits from all units being separately metered, with tenants responsible for their own heat and electricity. Additional revenue is generated through paid parking and storage. Outside you’ll find 16 paved parking stalls, enclosed garbage area, bike storage, and maintenance free landscaping. A public transit stop is also located immediately in front of the property. In addition to 111 Cow Bay Road, another 12-unit, newly constructed and fully leased multi-family building located at 386 Cow Bay Road is available for sale as a package, with a combined asking price of $8,100,000. The Vendor also has a third 12-unit building currently under construction nearby and is open to negotiating a portfolio acquisition upon completion. Interested parties are required to sign a Confidentially Agreement prior to forwarding any financial information. Go to the Realtor's website for more information.