PROPERTY DESCRIPTION

Rare to market, this brand-new 4-plex is designed for long-term success. With an owner carry opportunity available, minimum term length of 5 years with attractive terms. Great investment opportunity, with projected rents at $1,500.00 per unit. Adjacent parcel with engineered plans for 3 more residential units and 2 commercial ground units with a residential unit above ready for approval to be purchased separately or as a package. Moreover, approved for the Multi-Unit Property Tax Exemption (MUPTE) currently with a construction completion deadline of November 2024. Saving the property owner tens of thousands in property taxes over the next 10 years. No taxes starting from the completion of the 3 additional units! These meticulously crafted one bed, one bath Cottage Style units boast high-end finishes, offering a touch of luxury for its residents. Open concept floor plans with hard surface floors downstairs. Well sized kitchens with butcher block / granite countertops, ample storage space and brand new appliances. Spacious living room perfect for entertaining. Huge master suite upstairs with access to the private balcony and ensuite full bath with separate space for office or art studio. Each unit is equipped with sub-metered electrical. Ready for roof top solar. So much potential for long term cash flow! You will not find anything like it on the market! Shown by appointment only. Call your broker today to arrange a private tour!