565 Kennedy Road

Original Remarks

Well-maintained 9-unit apartment building offering stable in-place income withmeaningful upside. Six units are currently tenanted, providing immediate cash flow,while three vacant units allow a purchaser to lease at market rents and significantlyenhance revenue. Several units have been recently renovated, creating an opportunityto further elevate rents through continued turnover and modernization. Additionalvalue in the lands mid-rise development capabilities allowing up to 10-storeys and127 condominium units.