The Subject Property consists of a purpose built 18 unit apartment building on a 0.575 acre lot. Unit break-down is 17 Two Bed / One Bath units and 1 newly constructed (completion August 2024) One bed / One bath unit. The building offers tenants on-site laundry, storage units and bicycle storage. Since 2021, Gross Annual Income has increased by 66% through an above average tenant turn-over rate coupled with the repositioning of units as well as the introduction of parking surcharges. The property’s track record would seem to indicate an opportunity for future owners to continue significant increases to revenue. 8 of the 18 units are newly renovated including flooring, kitchens and bathrooms. The Subject Property is located in a very attractive area in terms of investment that will appeal to Tenants with easy access to public transportation, including the Region’s Light Rail Transit (LRT) system, schools and various other amenities including a regional shopping mall, the expressway (to 401), a variety of grocery stores, restaurants, drug stores, medical and dental as well as other shopping opportunities.