- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8080298
- Build. Type:
- See Remarks
- Photos (17)
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Looking to park your money somewhere that actually behaves itself. This turnkey, professionally managed 31-unit building sits in a prime location just moments from the hospital, making it a magnet for long-term, reliable tenants. Every common area has been rebuilt right back to the studs, giving you peace of mind and a property that runs like a well-oiled machine.
The building is fully occupied with a solid waiting list, thanks to its bright and spacious units and a tenant demographic made up largely of seniors and working professionals. You’ll find 15 one-bedroom, 9 two-bedroom, and 7 three-bedroom suites, with one unit dedicated to the on-site manager for seamless operations. New boilers installed in 2021 add another layer of efficiency to this already disciplined asset.
With 45 parking stalls, including 22 secure spaces under the building, plus an unbeatable location near key medical and professional hubs, this is an investment that checks all the right boxes. Reliable income, low fuss, and a hard-to-beat address. Pretty exceptional.
- Sale Type:
- Share
- Ownership:
- Freehold
- Property Type:
- Multi-Family Commercial
- Commercial Type:
- Multi Family
- Construction:
- Concrete
- Name of Complex/Subdivision:
- Park Place
- Num Storeys:
- 3
- Building Type:
- See Remarks
- # Units Total:
- 31
- # Other Units:
- 0
- # of Apartments:
- 31
- # of Studio Apartments:
- 0
- # of Penthouse Apartments:
- 0
- # of Bachelor Apartments:
- 0
- # of 4+ Bedroom Apartments:
- 0
- # of 1 Bedroom Apartments:
- 15
- # of 2 Bedroom Apartments:
- 9
- # of 3 Bedroom Apartments:
- 7
- Year built:
- 1979 (Age: 47)
- Living Area:
- 34,720 sq. ft.
- Lot Area:
- 19,602 sq. ft.
- Zoning:
- RM6
- # Of Parking Spaces - Total:
- 45
- Electricity:
- No
- Sewer:
- Public Sewer
- Parcel Number:
- 012873322
- Taxes:
- $47,037.64 / 2026
- No
- # Elevators:
- 1
- Water Supply:
- Public
- Water Rights:
- No
- Roof:
- Torch On
- Env Assmt Phase:
- No
- Cap Rate %:
- 5.0
- Gross Income:
- 0.0
- Oper. Expenses:
- 0.0
- Other Income:
- $0
- Effective Gross Income:
- $0
- Net Operating Income:
- $0
- Original Price:
- $5,990,000
-
Multistory building featuring red vertical siding and a prominent cedar shake roof -
Galley kitchen with wood-finish cabinetry and light-toned countertops
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Dining area with a window, a sliding glass door, and a ceiling light fixture
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Kitchen featuring wood-finish cabinetry, white appliances, and a double basin sink
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Functional kitchen and dining area featuring wood-finish cabinetry, white appliances, and a window with horizontal blinds
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Spacious living area featuring light neutral wall paint, textured ceiling, and gray carpet flooring
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Dedicated laundry area featuring a utility sink, washing machine, and dryer
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Bathroom featuring a wood-finish vanity with a built-in sink and a light-toned countertop
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Bedroom featuring neutral wall paint, textured ceiling, brown carpet flooring, and two sets of sliding closet doors
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Living area featuring light-colored walls and textured carpeting
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Balcony with a white metal railing and a red vertical wood-paneled wall
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Galley kitchen featuring wood-finish cabinetry, a white countertop, and a double basin stainless steel sink
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Kitchen featuring wood-finish cabinetry, white countertops, and a white electric range
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Dining area featuring a ceiling fan with integrated lighting, wood-finish flooring, and a built-in hutch with glass-front cabinetry
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Spacious common area featuring wood-paneled walls, patterned carpet flooring, and multiple wall-mounted light fixtures
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Entryway featuring wood paneling, patterned carpeting, and an elevator access point
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Lobby area featuring wood paneling, textured wall finishes, and a patterned blue carpet
Listed by Royal LePage Aspire Realty
Data was last updated October 10, 2026 at 12:35 AM (UTC)
- JEN HIGHAM
- Royal LePage Aspire Realty
- 1 (250) 6137207
- jen@realtypg.com