$2,100,000 FOR SALE

Multiplex

Bedrooms: 21Bathrooms: 14Lot: 134 x 115 ft

52 Queen Street
Langton, ON N0E 1G0

ATTENTION INVESTORS: Fourteen (14) plex income property, intelligently designed for quality tenants; retirees, families & seniors. This building consists of Seven (7) 2 bdrm., 1 bath units & Seven (7) 1bdrm, 1 bath units. Prime location & modern construction will enhance tenant retention and your ability to maximize rents. Turn-key operation with the unique benefits of getting top dollar market rents, with quality tenants paying separate utilities. Many long term tenants. Low maintenance concerns for years to come. Desirable Hamlet has Grocery/Convenience stores, restaurant & LCBO within a few blocks. Ample parking for at least 20 cars and property fronts on three streets. Easily Rented Building has maintained good reputation with tenants and landlord. Fire Inspections completed yearly & water inspection is up to date. Security entrances. Upgrades Include - New Membrane Roof 2015. Fire Extinguishers in excess of minimum standard. Smoke Detectors replaced - 14 Heat Sensors added (1 per unit) so that each unit now has a smoke detector and a heat sensor - Water Maintained by landlord, regularly treated and inspected. Tenants pay Hydro & Heat. Landlord supplies hot water. Coin Laundry each level. See how this turn-key multi unit apartment building can anchor your portfolio with quality tenants & good cash flow. (id:47423)

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Listed By Coldwell Banker G.R. Paret Realty Limited Brokerage
Data Provided By Woodstock Ingersoll Tillsonburg and Area Association of REALTORS® (WITAAR)
MLS® Listing Number 40282051
Last Updated Jun 18, 2024
Property Summary
Property Type Multiplex

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Subdivision Rural Middleton
Price History
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Detailed Information
Bedrooms 21
Bathrooms 14
Lot 134 x 115 ft
Amenities Nearby Schools, Shopping
Communication Type High Speed Internet
Features Paved driveway, Laundry- Coin operated
Listing Contract Date 2022-06-21
Location Description Located in the heart of Downtown Langton, just North of the Main intersection on the corner Queen St. & Norfolk Drive.
Ownership Type Freehold
# of Parking Spaces 15
Property Type Multi-family
Transaction Type For sale
Zoning Description RH
Building
Basement Development Unfinished
Basement Type Partial (Unfinished)
Construction Style (Attachment) Detached
Cooling Type Window air conditioner
Exterior Finish Aluminum siding, Brick, Metal, Vinyl siding
Fire Protection Smoke Detectors
Foundation Type Block
Heating Fuel Electric
Heating Type Baseboard heaters
Stories Total 2
Utility Water Well
Parking Spaces
Name Spaces
Visitor Parking
Utilities
Type Description
CableAvailable
ElectricityAvailable
Natural GasAvailable
TelephoneAvailable
Land
Total Size 0.738 acres
Access Type Road access
Amenities Schools, Shopping
Sewer Septic System
Size of Irregular Land 0.738

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