280 Sherk St - Apartments FOR SALE


Leamington, ON N8H 3L1
$3,695,000 CAD
519-946-3034
280 Sherk St, Leamington, ON for Sale
$3,695,000 CAD
Apartments - FOR SALE
1/16
null | 4.65% Cap Rate

280 Sherk St
Leamington, ON N8H 3L1


OVERVIEW

CBRE Limited (“CBRE” or “The Advisor”) has been retained as the exclusive agent to arrange for the offering and sale of 280 Sherk Street in Leamington, Ontario (the “Property”). The Property comprises a rare 23-unit, purpose-built multi-residential apartment building, situated in a central location on Sherk Street in Leamington. Built in 1966 with timely improvements, this three-storey walk-up apartment complex is well-maintained, offering ample parking, storage, and on-site laundry facilities. The Property features 12 one-bedroom and 11 two-bedroom units, providing a secure cash flow and long-term upside potential, with rents below market value. This property is being sold on an “as-is, where-is” basis, with no representations or warranties provided.

FOR SALE DETAILS

PRICE

$3,695,000 CAD

PRICE/SF

$173 CAD /SF

# OF UNITS

23

PRICE/UNIT

$160,652

CAP RATE

4.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Country Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

R4

APN/PARCEL ID

370623000011400

ASK ABOUT THIS PROPERTY

Brad CollinsCBRE, LimitedMore Info
519-946-3034

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Brad CollinsCBRE, LimitedMore Info
519-946-3034

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