1178 Lincoln (Area 3 - Olde Walkerville - 6 unit apartment)
Asking price: $249,900    $214,900   $209,900
Taxes: $4200  for 2008 (approximate)
Lot Size: 40 feet  x 68 feet (approximate)

Type of Dwelling: 6 unit (3 storey walk up, 2 units per floor)
Bedrooms: (6 total) 5-1 bedrooms, 1 bachelor
Bathrooms: 1 in each unit

Rear Parking (3 spaces)

Square Footage: 500 (each unit) (approximate)

Age: 70+ years (approximate)

Potential Rental Income: $38100 total for all units (plus hydro, see below)

Heating Cost (approximate): $2767

Hyrdro Cost (approximate): $3071

Insurance Cost (approximate): $2168

Basement: Block
Basement Development: Unfinished

Possession: Immediate-120 days

Exterior Finish:
• Brick and Stucco

Heating:
• Boiler Hot Water (approx 2 years old)

Fuel:
• Gas

Flooring:
• Ceramic, Carpet, Hardwood

Interior Details:
• 6 Fridges and 6 stoves, 1 washer and 1dryer

   close to all conveniences and ottawa st and downtown and on bus route
• Updated interiors with newer flooring and kitchen cabinets in most units

  Mostly updated windows

Additional Features:
• Close to all conveniences, park and schools, bus route
• laundry in lower level
• Separate Hydro Utilities for the 5-1 bedroom units (Landlord pays hydro for bachelor only)

  Landlord pays gas and water for all units

  Rear Parking

Description:
Income Property / 6 unit apartment / Central Location

IDEAL LOCATION FOR THIS GOOD CONDITION SIX UNIT APARTMENT BLDG. THIS 3 STY HAS 2 UNITS PER FLR, LAUNDRY IN LWR LVL. 5- 1 BDRM, 1 BACHELOR. PRESENTLY HAS SOME VACANCIES, SO EASY TO ARRANGE VIEWINGS. UPDATED KITCHENS IN MOST UNITS & FLRG. MANY UPDATED WNDWS. ROOF IN GOOD SHAPE TOO. BOILER APPROX 2 YRS OLD & EFFICIENT. GREAT CURB APPEAL. 3 PRKG SPOTS IN REAR. CLOSE TO DOWNTOWN & OTTAWA ST. ON A BUS ROUTE. IDEAL FOR INVESTORS OR OWNER OCCUPY ONE & RENT OTHERS. WASHER, DRYER, 6 FRIDGES, 6 STOVES. TENANT PAYS HYDRO (UPDATED, SEPARATE FOR ALL 1 BDRMS, LANDLORD PAYS FOR BACHELOR). POSSIBLE 3.9 PERCENT MORTGAGE MAY BE ASSUMABLE.

Directions:

Lincoln near Ontario    (click for map)

Pictures: