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Ryerson Apartments 52 Sulphur Springs Rd 30 Unit Apartment Building For Sale Ancaster, ON L9G 1L8
INVESTMENT HIGHLIGHTS
- Every unit above grade has a balcony, and units at grade have walk out terraces
- There is no immediate capital expenditure required for the building.
- Every suite has a deep closet in the front hall which is used for storage. There is also a coat closet in this front hall.
- The Property has been professionally managed and well taken care of allowing a purchaser to acquire a turnkey asset.
EXECUTIVE SUMMARY
Colliers (the “Advisor”) is pleased to present an exclusive opportunity to acquire a prime multi-residential property at 52 Sulphur Springs Road, Ancaster, the ‘Ryerson Park Apartments’. This offering presents a unique chance to invest in a high demand market with substantial growth potential.
The Property has a healthy suite mix of 25 one-bedrooms and 5 two-bedrooms. The units feel spacious and there is lots of storage capacity in each suite, and there is even a pantry closet in each kitchen. Balconies are in good shape, and tenants can look out to a serene landscape of lush trees.
Ryerson Park Apartments is extremely well located to potentially attract all profiles of residential Tenants. Currently catering to the ‘Seniors Living’ demographic, the Property provides tenants tranquility and lush greenery, and open space. It has ample parking and close to many amenities such as restaurants, parks, grocery stores and other entertainment options.
The Property has a healthy suite mix of 25 one-bedrooms and 5 two-bedrooms. The units feel spacious and there is lots of storage capacity in each suite, and there is even a pantry closet in each kitchen. Balconies are in good shape, and tenants can look out to a serene landscape of lush trees.
Ryerson Park Apartments is extremely well located to potentially attract all profiles of residential Tenants. Currently catering to the ‘Seniors Living’ demographic, the Property provides tenants tranquility and lush greenery, and open space. It has ample parking and close to many amenities such as restaurants, parks, grocery stores and other entertainment options.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.68 AC |
| No. Units | 30 | Building Size | 21,156 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1983 |
| Building Class | B | Parking Ratio | 0.9/1,000 SF |
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.68 AC |
| Building Size | 21,156 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1983 |
| Parking Ratio | 0.9/1,000 SF |
AMENITIES
UNIT AMENITIES
- Balcony
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Patio
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
- Storage Space
- Elevator
- Multi Use Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 696 |
| 2+1 | 6 | - | 967 |
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Ryerson Apartments | 52 Sulphur Springs Rd
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