Investment Property - Handy Man's Dream
Multi Family Home
Bedrooms
14
Bathrooms
12
Square Ft
5,927
Year Built
1960
About this item
In Schrieber ON. 2 Hours East of Thunderbay 12-Plex Multifamily / Mixed-Use Redevelopment Opportunity in Schreiber, ON Building: 12-unit structure with redevelopment potential (residential above; ground-floor commercial/retail possible with proper zoning) Units: 12 total Lot Size: [insert lot size] Total Gross Floor Area: [insert total floor area] sq ft Zoning: [insert zoning type] (verify with Schreiber town planning) Year Built: [insert year] Construction: [insert construction type] Roof: [insert roof type/age] HVAC/Electrical/Plumbing: Electrical overhaul needed; four gutted units requiring mold remediation; balconies to be removed Parking: [insert number] spaces; street parking; potential loading/drive-by access Outdoor Space: [insert details: balcony removed, patio, yard, storage, etc.] Condition: Value-add handyman project with significant upside; sold as-is, where-is Key Work Items (as disclosed) Balcony to be removed Four units gutted; mold remediation needed New electrical system required Additional potential repairs to common areas, roofing, plumbing, and finishes Income & Cap Rate (illustrative; customize with actual numbers if you have them) Current Gross Income: [insert]peryear(dependingoncurrentleases;ifnone,indicate[insert]peryear(dependingoncurrentleases;ifnone,indicate0) Potential Gross Income (post-renovation): $[insert] per year Operating Expenses: $[insert] per year (est.) Net Operating Income (NOI): $[insert] per year Cap Rate: [insert]% (based on projected NOI) Amenities & Highlights High-visibility highway frontage with potential for signage Proximity to Schreiber amenities, services, and transit Flexible redevelopm ent potential: rental stabilization, mixed-use conversion, or condo conversion (subject to zoning) Potential incentives or zoning relief opportunities; verify with local authorities Investment Summary Strong value-add opportunity in a highway-adjacent corridor Redevelopment potential for rental stabilization, mixed-use, or condo conversion (subject to zoning) Upside from unit renovations and improved curb appeal Nearby Benefits Schools, shopping, parks, and amenities within a short drive Easy access to major routes Disclosure Property being sold as-is, where-is. Buyer to verify zoning, permits, and feasibility for intended use. All information believed accurate but not guaranteed. Broker Remarks Serious inquiries only. Please contact [Broker Name/Agency] at [Phone] or [Email] to schedule viewing and obtain due diligence materials (survey, title, rent roll, existing leases, expense statements). Disclaimer All data to be verified by buyer; agents to confirm current zoning and permitted uses with Schreiber planning department.