Investment Property

360 Friel Street S , Lower Town - Sandy Hill

Details

Property ID
X12789414
Status
For Sale
Property Type
Investment
Lot Size
54 X 99 Ft.
Taxes
$21,484 (2025)
Air Conditioning
Yes
Heating Type
Baseboard

Description

Welcome to 360 Friel Street an exceptional turnkey investment opportunity featuring 16 residential units with separate hydro meters, comprised of 9 fully renovated and refurbished units, 7 newly constructed additional units (recently completed). Unit Breakdown: 1 Three-Bedroom Unit, 3 Two-Bedroom Units, 2 One-Bedroom Units, 10 Studio Units. All units are fully furnished and separately metered, offering operational efficiency, reduced utility risk, and strong tenant appeal. The seller is willing to lease all units, providing investors with a stabilized, income-producing asset from day one. Income Overview Projected Residential Rental Income: $402,420.00, Parking Income: $1,800.00, Laundry Income: $3,780.00, Total Projected Gross Income:$408,000.00, Annually Projected 2026 Operating Expenses Vacancy (2%) - $8,084.00, Property Taxes (5.42%) - $21,484.00, Utilities (5.82%) - $23,064.00 (Heat, Water, Hydro) Repairs & Maintenance (4%) - $15,845.00, Property Management (3.96%) - $15,687.00, Property Insurance (6.85%) - $27,125.00Advertising (0.5%) - $1,981.00, Total Projected Operating Expenses: $113,270.00. Financial Summary - Gross Income: $408,000.00, Less Operating Expenses: $113,270.00, Estimated Net Operating Income (NOI): $294,690.00 annually. This newly completed, fully furnished multi-unit property presents a rare opportunity to acquire a modern, income-generating asset with strong projected returns and long-term growth potential. ...

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Location of the Property

360 Friel Street S, Lower Town - Sandy Hill, ON K1N 7W6

Sales Representative
Office:
Sales Representative
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More About 360 Friel Street S

360 Friel Street S is a Commercial Property located in the city of Lower Town - Sandy Hill. 360 Friel Street S has been listed For Sale at $5,995,000 since Feb 14 2026. This Investment Investment . Situated in 4003 - Sandy Hill neighbourhood , with the nearest intersection being Laurier St to Friel Street.

Listing Brokerage: COLDWELL BANKER SARAZEN REALTY

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