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I have listed a new property at 959 Balmoral RD in VICTORIA.
WELL BELOW APPRAISED VALUE! This 15 unit rooming house was originally constructed in 1902, but underwent a top to bottom renovation in 2004/2005 and was brought up to code with permits. The updates included new windows, drywall, insulation, roof, flooring, commercial fire detection system, wiring, plumbing, bathrooms, kitchen, etc (nothing left to do!). Very rarely a vacancy. There is a well organized and affordable property manager in place to provide the new owner with a turn key, low maintenance revenue property, or take it on yourself and increase your net! Compare this against many 3 and 4-plexes in town and you will see where your investment money performs!
