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1912 Centennial Street Whitehorse, Yukon Y1A 3Z5

7 Bedroom 5 Bathroom

$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:36197)

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

Interested?

Contact us for more information


Scott Sauer

(867) 333-1095
www.liveinwhitehorse.ca

RE/MAX Action Realty
400-4201 4th Ave
Whitehorse, Yukon Y1A 5A1

(867) 667-2514
https://remaxyukon.com/

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