MLS®201922114
List Price$297,500
PID40164063
TypeFourplex
Approx. Year Built1974
List DateSep 13, 2019 (204 Days)

Overview

37 Martin Lake Drive, Lake Echo (MLS® 201922114): Great 4-PLEX income producer in Lake Echo (8.1 Cap rate). Only 20 min. from McKay Bridge! There is only 1 other apt. building in Lake Echo making it a very sought after rental building. Huge 2 bedroom units rent for $835; $835; $795 & $785 inc. heat & water. Tenants pay power. NEW ROOF inc. plywood August 2017, 18 NEW WINDOWS throughout May 2019 plus numerous other upgrades. This very quiet area is among owner/occupied homes. Walk to the rec centre on the lake and canoe or kayak, corner stores, Metro transit. Large lot. Lots of parking. Well has never gone dry in 18 yrs.

Listing Courtesy of Royal LePage Atlantic


Inclusions

4 fridges, 4 stoves


Exclusions

Coin-op washer/dryer ( can have contracts with Coin-o-matic)


Features

  • Balcony
  • Cable
  • Laundry
  • Storage

Community Features

  • public Transit
  • School Bus Service
  • Shopping

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