$3,499,000 FOR SALE

Investment

Total Area: 2.9 acres
2024 Taxes: $35,742

412 ROSS St
Huron-Kinloss, ON N0G 2H0 | Bruce

20 Units plus 12 storage units with Net Operating Income of 214,973.33. This outstanding turnkey operation comprises three buildings, featuring a total of 20 individual dwellings, including 16 two-bedroom units and 4 one-bedroom units. Additionally, there are 12 individual storage units available. What sets this property apart is its inclusion of a dedicated laundry facility and maintenance shed, as well as ample space and approval for future development possibilities of 16 more units! All units are designed for convenience, offering main floor exterior access to each dwelling. This design not only attracts long-term residents but also provides a hassle-free living experience. The buildings are constructed with sturdy all-brick exteriors and durable asphalt shingled roofs, making them an ideal choice for investors seeking to minimize maintenance and repair costs. There is also a promising opportunity to increase revenue through tenant turnover and by introducing pay-per-use laundry facilities. This aesthetically pleasing apartment complex is certain to leave a lasting impression on potential investors.

Share

Listed By THE AGENCY REAL ESTATE
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8332224
Last Updated Sep 04, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 13 to 20 Units
Category Apartment
PIN 333330185
Legal Description PT LT 12 CON 14 ED ASHFIELD PT 2, 3R1982, PT 1, 3R1961 & PT 2, 3R1910; EXCEPT PT 1, 3R1982 & PT 1, 3R8509 TOWNSHIP OF HURON-KINLOSS
Occupancy Tenant
Possession Date Flexible
Taxes (2024) $35,742
Tax Type Annual
Assessment (2023) $1,361,000
Directions/Cross Streets Left onto Ross Street off of Lucknow Line, Building will be on your left
Neighbourhood Huron-Kinloss
Area Bruce
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot Irregularities 226.55 ft x 395.79
Total Area 2.9 acres
Approximate Age 51-99
Air Conditioning N
Garage Type None
Parking Spaces 35
Heat Type Other
Sewers None
Utilities A
Water Municipal
Lot/Bldg/Unit Code Building
Zoning RES
Seller Property Info Statement N

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.