320 Pefferlaw Road
About This Home
Investment opportunity for a forward thinking single investor or group. Very well maintained multi-residential 6 unit apartment building in the Village of Pefferlaw with very reliable Longterm tenants. Income statements attached as "Financials". Current Gross Income of $100,376. The Seller has made preliminary inquiries with the Town of Georgina to develop two additional basement apartments. Drawings are attached as "Potential Basement Apartments". Gross income potential if the basement is developed with Two new apartments is estimated to be $160,800. Current operating expenses are "$16,459". The Seller has also made preliminary inquires with the local authorities to sever the unused vacant land to the rear of the property. A preliminary site plan is attached as "Potential Site Re-Development". A conservative estimate of current market value of $200,000 per lot is considered reasonable with a successful severance application. There are very few building lots available in the immediate area.
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Source: Toronto Regional Real Estate Board (TRREB), via PropTx Innovations Inc.
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