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Executive Summary
This turn key 5 unit consist of a 4 unit with an attached ranch style apartment. Each unit is a 2 bedroom, 1 bath unit and has been updated and move in condition. This building offers a rare combination of dependable cash floor, low management intensity and tenant stability. Fully leased (3 year lease) to a responsible tenant that pays all utilities and manages common day to day maintenance items. Built in renewal clause ensuring income growth after initial term ends in 2028. Annual gross income is $60,000.00. Totally updated, many capital improvements made. Operating expenses are minimal, long-term viability and strong market demand.
1000 square foot paved parking plus street parking
1000 square foot paved parking plus street parking
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $782,268 CAD | Building Class | C |
| Price Per Unit | $156,454 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 6,808 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 0.88/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Residential | ||
| Price | $782,268 CAD |
| Price Per Unit | $156,454 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,808 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | Residential |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R72-14210-0023 | Improvements Assessment | $131,871 CAD |
| Land Assessment | $18,021 CAD | Total Assessment | $149,892 CAD |
Property Taxes
Parcel Number
R72-14210-0023
Land Assessment
$18,021 CAD
Improvements Assessment
$131,871 CAD
Total Assessment
$149,892 CAD
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2803 Lansing Dr
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