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75 Kenyon St E

8 Unit Block of Flats £1,186,810 (£148,351/Unit) 5.64% Net Initial Yield Alexandria, ON K0C 1A0

Investment Highlights

  • Modern 8-unit building
  • Building offers modern features, durability, and energy efficiency
  • Alexandria's advantageous location provides easy access to neighboring cities

Executive Summary

Welcome to 75 Kenyon Street East in Alexandria. Modern 8-unit building featuring spacious 2-bedroom units, approx. 1000 square feet per unit. Each boasting its own exterior entrance & the added convenience of a private balcony/terrace. Situated in the charming town of Alexandria, residents enjoy a convenient location and a strong sense of community. Alexandria's advantageous location provides easy access to neighboring cities. Each unit is equipped with a forced air gas furnace and electric hot water tank. Tenants pay for their own utility costs. Investors will appreciate the potential for rental income and value appreciation in Alexandria. With these buildings being recently constructed in 2018, they offer modern features, durability, and energy efficiency. As tenants move out over time, there is an opportunity to increase rents and maximize returns in this thriving real estate market. Don't miss out on the chance to be part of Alexandria's growth. 73 Kenyon also for sale.

Financial Summary (Actual - 2022)

Annual Annual Per SF
Gross Rental Income £74,689 £9.34
Other Income - -
Vacancy Loss - -
Effective Gross Income £74,689 £9.34
Taxes £1,939 £0.24
Operating Expenses £5,838 £0.73
Total Expenses £7,777 £0.97
Net Operating Income £66,912 £8.36

Financial Summary (Actual - 2022)

Gross Rental Income
Annual £74,689
Annual Per SF £9.34
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £74,689
Annual Per SF £9.34
Taxes
Annual £1,939
Annual Per SF £0.24
Operating Expenses
Annual £5,838
Annual Per SF £0.73
Total Expenses
Annual £7,777
Annual Per SF £0.97
Net Operating Income
Annual £66,912
Annual Per SF £8.36

Property Facts

Price £1,186,810
Price Per Unit £148,351
Sale Type Investment
Net Initial Yield 5.64%
No. Units 8
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.36 AC
Building Size 8,000 SF
Average Occupancy 100%
Number of Floors 2
Year Built 2018
Parking Ratio 1.25/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 8 - -
  • Listing ID: 29154901

  • Date on Market: 01/08/2023

  • Last Updated:

  • Address: 75 Kenyon St E, Alexandria, ON K0C 1A0

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