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26 Front ST, SIOUX LOOKOUT
2025-01-07
Quick Summary
MLS®#TB243507
Property Description
Discover a fantastic investment in a high-demand rental market! This fully occupied 6-unit property is centrally located downtown, ensuring constant tenant interest. The property includes four 1-bedroom units and two 2-bedroom units, with a strong net operating income exceeding $70,000 annually. Each unit is separately metered, with tenants paying their own hydro while the landlord covers garbage & water/sewer cost, keeping costs manageable. Extensive renovations and additions in 2018 and 2019 make this property especially appealing and low-maintenance. Renovations include stripping entirely down to studs, doubling the footprint of the building, a new roof, siding, spray-foam insulation, HVAC, electrical, windows, flooring, bathrooms, doors, drywall/paint, and updated appliances throughout. Each unit also received a new hot water tank in 2018, reducing operational upkeep and enhancing tenant satisfaction. While on-site laundry is not yet available, the plumbing for a shared laundry area is already in place, allowing a straightforward future upgrade to add further convenience for tenants. Tenants enjoy a designated parking lot at the rear of the building, while additional street parking is available out front for guests. The central downtown location puts this property within close reach of shops, dining, public transit, and other local amenities, making it especially attractive to renters seeking easy accessibility. The combination of one-bedroom and two-bedroom layouts appeals to a range of tenants, ensuring high occupancy rates and a steady revenue stream. With its prime location, recent updates, and strong financial performance, this property is an excellent choice for investors seeking a turnkey income-generating asset. The consistent rental demand, modernized features, and individual tenant utility meters make this property both efficient and profitable, ready to provide reliable returns for years to come. (id:32467)
Property Features
Building
- Appliances: Stove, Microwave, Refrigerator
- Architectural Style: 2 Level
- Basement Development: Unfinished
- Basement Type: Full (Unfinished)
- Construction Style: Detached
- Cooling Type: Air exchanger
- Exterior Finish: Vinyl
- Fireplace: No
- Interior Size: 3850 sqft
- Stories: 2
- Utility Water: Municipal water
Features
- Feature: Crushed stone driveway
Land
- Land Size: 0.22 ac|under 1/2 acre
- Sewer: Sanitary sewer
Structure
- Structure: Deck
Information entered by CENTURY 21 NORTHERN CHOICE REALTY LTD.
Listing information last updated on: 2025-01-07 17:55:44
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$500,000
Your One Percent Realty Commission savings†
$500,000
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
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One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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