bath, two 2 bed + dens, a 2 bed, and a 1 bed. Every unit is separately metered – tenants pay hydro, and both 502 units pay their own gas heat. Landlord costs run roughly $27, 962 (taxes $13, 678.72 verified with the City, insurance $7, 983, water/sewer $4, 200, gas $1, 350, common electricity $750), leaving approximately $82, 750 NOI – a cap rate near 6.4% at $1, 300, 000. The license matters as much as the income: a buyer inherits a legal, rentable five-plex on closing day, not a compliance project. Unit 2 at 502 is currently offered at $1, 700, letting a new owner pick their own tenant; the other four are tenanted and producing. Built 1905, over 5, 500 sq ft, 9+2 bedrooms, five baths, five kitchens, one unit recently updated. In-suite and shared laundry, storage lockers, owned water heaters, walk-out lower level, parking for six. R3-2. Flexible possession. (id:62650)