About this property

A clean 11-unit building selling at aprox. a 7.1% cap rate based on real numbers, not projections. 10x2 Bedroom, 1x3 Bedroom. Tenants pay Hydro. Boiler roughly 7 years old. Turn key with No heavy lifting, no major repositioning needed to enjoy current phenomenal cashflow but if you want to work the asset and force appreciation there is tremendous upside to market rents. Tenant profile is both diverse and stable, comprising working families, skilled trades professionals, retirees, and individuals transitioning from higher-cost urban markets. Solid construction, key systems addressed, clean environmental, and a strong unit mix. Expenses are well-controlled at a 37.1% income to expense ratio, with potential to further optimize expenses. A stabilized, income-producing asset delivering strong in-place cash flow, with defined pathways to further drive value through operational improvements. Tours will be conducted Sunday April 26th from 11am-1pm. This is not an open house attendance must be confirmed

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13021150
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	13,767 sq ft
Beds / Baths	0 bed · 0 bath
City	Lincoln
Postal Code	L3J 0M8
Province	ON
Listed Date	April 20, 2026
Days on Market	108
Price per Sq Ft	$123
Brokerage	MYSAK REALTY INC.