1912 Centennial Street Whitehorse, Yukon Y1A 3Z5
$1,175,000
5 Plex - Cash Flow Positive in Porter Creek on a huge .48 Acre or 105' x 200' lot. 1912 Centennial Street. Three, 1 bedroom units, One 3 bedroom, and one studio apartment. The current cap rate is 4.5%, but the rents have been increased to create a cap rate of 5.5% in March and to 6.5% in July = $88,500 annual rent. Each tenant pays their own utilities. The building was originally built in 1968 but substantially renovated in 1990 to create the existing 5 plex. Many updates have been completed recently. The lot will technically accommodate further development one idea has Architectural plans showing the potential to build an additional 4 plex creating 9 rental units pending city permits, A video tour is available in the multi-media link. (id:42261)
Property Details
| MLS® Number | 13057 |
| Property Type | Single Family |
| Features | Hilly |
Building
| Bathroom Total | 5 |
| Bedrooms Total | 7 |
| Constructed Date | 1968 |
| Construction Style Attachment | Detached |
| Type | Fourplex |
Land
| Acreage | No |
| Size Frontage | 105 Ft |
| Size Irregular | 105 X 200 |
| Size Total Text | 105 X 200 |
https://www.realtor.ca/real-estate/22577701/1912-centennial-street-whitehorse
400-4201 4th Ave
Whitehorse, Yukon Y1A 5A1
(867) 667-2514
https://remaxyukon.com/
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Yukon Real Estate Asscociation
RE/MAX Action Realty
January 07 2021 06:46:40
