71 John Street East

About This Property

Fully leased six-unit investment property in central Bradford West Gwillimbury, generating in-place NOI of $101,942 (a 7.15% cap rate at list price), supported by a certified rent roll and certified income and expense statement. One 3-bedroom and five 2-bedroom suites, five of six fully renovated to modern standards within the last three years. Two suites were recently re-leased, and the one remaining original suite is rented well below market, offering further upside on natural turnover.Significant capital already invested: renovated suites, a new driveway, retaining wall and rear parking lot, on-site coin laundry for ancillary income, and full fire-code compliance. The 7,933 SF R2-zoned lot (50 x 156.75 ft) provides parking for 8+ vehicles.Walking distance to downtown Bradford's shops and services and minutes from the Barrie GO line, with direct rail service to Union Station. Located on the Highway 400 corridor between Vaughan and Barrie in one of Simcoe County's fastest-growing communities.Stabilized income today with a defined value-add path. A well-improved asset for investors seeking yield in the northern GTA rental market. (id:63604)

Key Facts

Highlights

• Water Heater