Discover a hassle-free investment opportunity with this 2022-built property, generating nearly $100k in annual rental income with a 6.25% cap rate! This property features one commercial unit and three luxury residential units, each offering 2 bedrooms and 1 bath. The residential units boast high-end finishes and upgrades, including quartz countertops, ceramic tile flooring and shower, his and her sinks, cheater ensuites, and stainless steel appliances including dishwashers. Each unit also includes a full-size, stacked washer and dryer. Tenants enjoy separate utilities with individual meters, ensuring ease of management. The commercial unit faces the busy 7/8 Highway between Kitchener and Stratford, providing excellent visibility. Whether you're looking to add to your portfolio or make your money work for you, this property is a standout choice. (id:47423)
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Listed By
The Realty Firm Inc Brokerage
Data Provided By
Woodstock Ingersoll Tillsonburg and Area Association of REALTORS® (WITAAR)
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Detailed Information
Bedrooms
6
Bathrooms
4
Lot
103 x 0 ft
Amenities Nearby
Golf Nearby, Park, Place of Worship, Playground, Schools, Shopping
Community Features
Community Centre
Listing Contract Date
2024-08-19
Location Description
Line 34 Between James Street and Galt Street
Ownership Type
Freehold
# of Parking Spaces
10
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
C-1
Building
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
2022
Cooling Type
Central air conditioning
Exterior Finish
Stone, Stucco
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
3
Type
Fourplex
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Access Type
Road access, Highway access
Amenities
Golf Nearby, Park, Place of Worship, Playground, Schools, Shopping
Sewer
Municipal sewage system
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