103 & 107 Centre Street , Duchess. T0J 0Z0
Description
The Duchess Suites have undergone extensive renovations to provide additional rental suites as well as upgrading the existing suites. The additional suites are self-contained units with their own hot water tanks and furnaces along with in-suite washer/dryer units. One of the new suites is a two bedroom with a loft and the other is a one bedroom unit with a loft. The original one bedroom suite has been remodeled as a two bedroom suite. All of these units have had long term tenants for over a year. The rooms in the original motel have been upgraded with cook top stoves, full size fridges, kitchen sinks and are equipped with microwaves, toasters m, etc to accommodate longer term tenants. There has also been a recent upgrade to a 1 terabyte internet supply to allow tenants more streaming capabilities. The current lease terms are month to month. The existing occupants on average have been renting units for 6 months up to 2 years. On average, approximately 25% of the units are on shorter agreements of 1 to 3 months. The property also has one wheelchair accessible unit. There are a variety of tenants at this property but for the most part they are working in the area on long term projects such as solar farms or with oil field companies. There is a large solar farm being constructed in the area that will be hosting up to 300 employees over the next 3 to 5 years, with start-up expected in the spring of 2023. This is a well renovated and maintained property with no deferred capital expenses on the books. Additional information including financial records are available.
Listing Information
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Listing MLS#:A2018867
103 & 107 Centre Street ,
Duchess. T0J 0Z0
Liang Commercial Real Estate
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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "Harvest Real Estate" listing brokerage.
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