10 Lincoln St - Apartments FOR SALE


Ajax, ON L1S 6C8 | 
$1,999,000 CAD
289-274-0391
10 Lincoln St, Ajax, ON for Sale
$1,999,000 CAD
Apartments - FOR SALE
1/12
null | 3.94% Cap Rate

10 Lincoln St
Ajax, ON L1S 6C8


HIGHLIGHTS

  • Legal triplex with three self-contained units.
  • All units feature updated interiors.
  • Separate hydro meters for each apartment.
  • Eight surface parking spaces on site.

OVERVIEW

Rare opportunity to acquire a fully renovated legal triplex in the heart of Pickering Village, one of Ajax's most established and recognizable neighborhoods. The property consists of three self-contained two-bedroom residential units, creating multiple income streams while offering flexibility for investors, owner-occupants, or multigenerational living arrangements. Each suite has been renovated with updated kitchens, bathrooms, and flooring, providing a modern residential environment designed to support long-term tenancy. Separate hydro metering allows tenants to pay their own electricity costs, helping streamline property operations. The expansive site includes eight surface parking spaces and a detached two-car garage, creating additional utility and potential supplemental income opportunities. Located within the historic Pickering Village area, the property benefits from proximity to local shops, restaurants, professional services, transit routes, and major transportation corridors. The surrounding neighborhood combines established residential density with commercial amenities, supporting continued rental demand and convenient access for residents. This offering presents a combination of income potential, operational flexibility, and residential appeal within a well-established Ajax community. The property's legal triplex configuration, recent renovations, and parking capacity position it as an attractive acquisition for investors seeking stable residential income with future occupancy flexibility.

FOR SALE DETAILS

PRICE

$1,999,000 CAD

PRICE/SF

$527 CAD /SF

# OF UNITS

3

PRICE/UNIT

$666,333

CAP RATE

3.94%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

R1-B VC2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

David WatkinsRe/Max Hallmark First Group Realty Ltd.More Info
289-274-0391

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

David WatkinsRe/Max Hallmark First Group Realty Ltd.More Info
289-274-0391

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.