INCREDIBLE OPPORTUNITY to add this PRISTINE 2nd owner 9 suite apartment block to your investment portfolio!! Ideally located right next to the Seine River, this gem is straight, solid & has been meticulously maintained & updated by long time owner. Over $400k in upgrades over past 10 years including newer PVC wdws, separate 100 AMP electrical suite meters & panels, & HE Lochinvar boiler c/w indirect Hot water tank. The suites are enormous & have been upgraded tastefully, but keeping the mid-century modern theme, which are occupied by extremely happy tenants who love the High Def security system, and want to continue living here for years to come. There are 5 parking stalls directly behind the building, 10 in the adjacent lot facing the building, as well as 5 visitor stalls along the fence bordering the Seine River. Huge potential for development opportunity to subdivide this double lot & build another revenue property(multiplex) next door! Vendor also owns the 4-Plex directly to the west that also comes with 10 parking stalls, so potential to capitalize on both properties with first right of refusal. Ask listing agent for all the details. Buyer to do their own due diligence in regards to all matters.
2A / -
On the North side of Marion Street across from Happyland Park, immediately west of the Seine River.
For Sale:
Yes
For Lease:
No
Property Type:
Industrial / Commercial / Investment
Property Sub Type:
Apartment
Building type:
Freestanding, Walk Up
Year Built:
1955
(Age: 70)
Depth:
113'34.4 m
Frontage:
100'30.5 m
Heating:
Hot Water, Natural Gas
Parking:
Surface, Visitor Stalls
Total Parking Spaces:
20
Number of energized parking:
15
Storeys:
3.0
Security:
1
Construction:
Concrete, Wood Frame
Remodelled:
Electrical, Facade, Other - See remarks, Parking, Plumbing, Windows
Creekfront, Fenced, High Traffic Location, Park/reserve, Public Transportation, Street Exposure
Appliances Included, Caretaker, Fire Alarm, Laundry Facility, No Pets Allowed, Secured Yard, Security / Alarm, Separate Entrances, Separately Metered Hydro, Storage, Vinyl Floor Covering
Fully Serviced
Real Estate Taxes:
9955.0
Gross Income:
113400.0
Fin Statement Avail:
Yes
Fin Statement Date:
Oct 03, 2025
Professional fees:
1100.0
Cost % to Grs Rec:
4
Repairs expenses:
3977.0
Insurance expenses:
6179.0
Electric & water expenses:
3277.0
Heat expenses:
5026.0
Title to Land:
Freehold
Building name:
Pauline Apartments
Building Dimensions:
39.23x92.11
Pro Forma:
Yes
Maximum Amperage:
400
Vacancy percent:
1
Vacancy loss:
1200.0
Number of suites:
9
Number of Units:
9
Bachelor Units:
1
1-Bedroom Units:
6
2-Bedroom Units:
2
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5 suites have front & rear doors, bachelor suite has front & direct access to laundry/storage room & 3 large 1 beds on back have 1 entrance.
Updated hallways throughout
Living Room (1 Bedroom)
Living Room (1 Bedroom)
Kitchen (1 Bedroom)
Bedroom (1 Bedroom)
Bathroom (1 Bedroom)
Living Room (1 Bedroom)
Living Room (1 Bedroom)
Kitchen (1 Bedroom - 910 sq ft suite)
Bedroom (1 Bedroom Suite)
Bathroom (1 Bedroom Suite)
Living Room (2 Bedroom Suite)
Living Room (2 Bedroom Suite)
Kitchen (2 Bedroom - Suite)
Bedroom (2 Bedroom - Suite)
Bedroom (2 Bedroom - Suite)
Bathroom (2 Bedroom - Suite)
Living room/Bedroom (Bachelor Suite)
Kitchen (Bachelor Suite) Door behind tenant's pantry leads directly to laundry/storage room.
Bathroom (Bachelor Suite)
Living Room (1 Bedroom - Suite 910 sq ft)
Kitchen (1 Bedroom - Suite 910 sq ft)
Living Room(1 Bedroom Suite)
Bedroom (1 Bedroom Suite)
Bathroom (1 Bedroom Suite)
Bathroom (1 Bedroom Suite)
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Storage/laundry room
Storage/laundry room
Utility room with separate hydro meters & indirect Lochinvar Hot water tank.
Upgraded High Efficiency Lochinvar Boiler System with Control Zone Valves
Upgraded Siemens Fire Alarm Panel
Parking for 20 vehicles, including including 5 parking stalls at rear of building + 10 on east side facing building + 5 visitor stalls along fence bordering the Seine River..
Property fenced & gated as to secure from the street.
Porperty right bnext to Seine River with direct access for cross country skiing, canoeing,...