SoldMultiplex

985 Kingsway Drive

Name: 985 Kingsway Drive - Sold Jan 2025
Brand: MYSAK REALTY INC.
Price: 1870000 CAD
Availability: SoldOut

Burlington - LaSalle

985 Kingsway Drive

Burlington - LaSalle

Sold For$1,870,000

Listed For $1,899,999

Sold Jan 2025

8 Bedrooms Bedrooms

8 Bathrooms Bathrooms

0 Garage Garage

Description

6.3% cap rate. 8-units (3x 2b & 5x 1b) total including 3 vacant. Meticulously maintained building features revitalized common areas and updated exterior retaining wall. Tenants pay Hydro. Flat roof (2022). Clean Environmental Phase 1 (2024). Laundry on site. 11 parking spots. Located less than 3 km from Aldershot GO Station, Highway 403, and Mapleview Shopping Centre.

Key facts for 985 Kingsway Drive

Tax$8,309 / 2024

Property TypeMultiplex, 2-Storey

Lot Size141.62 x 76 Feet

ParkingOther Spaces, Total 11 Spaces

Parking FeaturesAvailable

BasementFinished

Listing #W9396611

Days on Market--

Listing BrokerageMYSAK REALTY INC.

Data SourcePROPTX

Inquire with Realtris

(866) 511-7171

info@realtris.ca

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Home Price

Amortization

Interest Rate

Down Payment

Minimum down payment is $380,000 (20.0%) - using that for this calculation.

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Cash Flow Analysis

Est. Mortgage Payment

$9,278/mo

Monthly Expenses & Income

Property Tax

Maint. / Fees

Est. Rental Income

$1.6% net yield

Net Monthly Cash Flow-$6,520

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(866) 511-7171

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