$1,535,000 FOR SALE

Investment

Lot: 62.8 x 392.37 ftTotal Area: 24,641.09 ft2
2024 Taxes: $12,801.65Maintenance Fees: $3,750

195-197 Walton St
Port Hope, ON L1A 1N7 | Northumberland

An exceptional opportunity to acquire a turn-key investment property in the thriving community of Port Hope. This multi-residential building boasts seven units, six of which have been completely renovated with modern finishes, attracting quality tenants. All tenants pay their own hydro, reducing landlord expenses. With Port Hope's consistently low vacancy rate, this property offers excellent income stability and growth potential. Strategically located, this property is perfectly positioned to capitalize on Port Hope's growing demand for rental housing. Whether you're a seasoned investor or looking to expand your portfolio, this property is a must-see for anyone seeking a strong return on investment in a robust rental market. Don't miss out on this rare opportunity to secure ahigh-performing asset in this desirable markets. There is further upside to be realized when tenants turn over or by separating heat and water expenses to future tenants.

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Listed By RE/MAX JAZZ INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9256092
Last Updated Aug 19, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 6 to 12 Units
Category Apartment
PIN 510710151
Occupancy Tenant
Possession Date FLEXIBLE
Taxes (2024) $12,801.65
Tax Type Annual
Maintenance Fees $3,750
Directions/Cross Streets Walton/Pine
Neighbourhood Port Hope
Area Northumberland
Price History
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Detailed Information
Freestanding Y
Lot 62.8 x 392.37 ft
Total Area 24,641.09 ft2
Air Conditioning N
Garage Type None
Parking Spaces 7
Heat Type Gas Forced Air Open
Financial Statement N
Gross Income/Sales $129,802
Net Income Before Debt $86,851
Hydro Expense $612
Water Expense $3,504
Heat Expenses $4,901
Insurance Expense $4,132
Management Expense $8,750
Operating Expenses $40,451
Year Expenses $2,023
Expenses Actual/Estimated Est
Sewers Sanitary
Utilities A
Water Municipal
Vacancy Allowance 2
Lot/Bldg/Unit Code Lot
Zoning R2
Seller Property Info Statement N

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