Attention investors! Welcome to 26-28 Halton Street, an exceptional turn key triplex investment nestled in the heart of Perth, ON – a historic town known for its scenic beauty, vibrant community, and burgeoning real estate market. This professionally maintained triplex presents an enticing opportunity for savvy investors seeking a turnkey property that promises both immediate returns and long-term wealth accumulation. This property features 3 units with 2 bedrooms each. The main house, unit 28, has a forced air natural gas furnace + central AC with a third room that can be used as a bedroom or office/den. Gas space heaters in unit 26 & 26A. Tenants pay for heat and hydro, separately metered. Current cap rate of 5.6% with huge upside potential to have 8.5% cap rate at market rent. Roof 2022, 2 furnaces 2021 & 2022, 28 halton significantly renovated in 2019. 26A completely renovated in 2020 (all walls, kitchen, flooring, bathroom). Other expenses on-demand hot water rental $52/month. (id:47423)
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Detailed Information
Lot
86 x 0 ft
Lease Type
Other, See Remarks
Listing Contract Date
2024-02-28
Municipal ID
051810016
# of Parking Spaces
6
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R3
Building
Basement Development
Unfinished
Basement Features
Low
Basement Type
Crawl space (Unfinished)
Construction Style (Attachment)
Attached
Cooling Type
Unknown
Exterior Finish
Siding
Flooring Type
Mixed Flooring, Wall-to-wall carpet, Hardwood
Foundation Type
Block, Stone
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Surfaced
Land
Total Size
85.96 ft X * ft (Irregular Lot)
Sewer
Municipal sewage system
Size of Irregular Land
85.96 ft X * ft (Irregular Lot)
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