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$1,900,000
Status: For Sale
Investors take note! With approximately 10,800 sq. ft. of combined finished and development ready floorspace on all levels combined, the income potential here is palpable! Currently set up as a functional and legal 5-plex with strong income potential in its current, turn-key state, this property also features a number of unique development opportunities to expand your investment further well beyond current average CAP rates even after including further development costs! Each unit is large and spacious for their respective bedroom counts. There are two 1 bed units, two 2-beds, and a surprisingly large 4 bedroom unit! With extra, unused gas meter hubs, plenty of additional hydro meter slots, unfinished basement for development access or additional units, and plenty of parking space, a savvy investor will find plenty of opportunity waiting to be unlocked. Contact your agent today for viewing information and investor package to learn more!
| Property Type | :Residential |
|---|---|
| MLS Number | :X11889856 |
| Listing Type | :Sale |
| Property Age | :100+ Years |
| Possession Date | : |
| Last Updated | :12 Dec, 2024 (6 Days ago) |
| Source | :TRREB |
| Area | :Huron |
|---|---|
| Postal Code | :
N7A 2G5
|
| Price | : $1,900,000 |
|---|---|
| Property Taxes | :$6588.00 |
| Tax Year | :2024 |
|---|
| Bedrooms | :9 + 1 |
|---|---|
| No. of Rooms | :25 |
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Place of Worship | :No |
| Cross Street | :Sharp turn North onto Montreal St. off Elgin Ave or access off Elgin Ave E. |
| Bathrooms | :7 |
|---|---|
| Fuel | :Gas |
| Elevator | :No |
| Approx Square Footage | :5000+ sqft |
| Virtual Tour | :Virtual Tour (External Link) |
| Br | :4.88 m x 5.13 m |
|---|---|
| 3rd Br | :6.40 m x 2.54 m |
| 5th Br | :3.43 m x 4.60 m |
| Br | :3.43 m x 3.78 m |
| Br | :3.71 m x 3.61 m |
| Living | :6.32 m x 5.46 m |
| 2nd Br | :3.86 m x 4.11 m |
|---|---|
| 4th Br | :3.73 m x 4.32 m |
| Br | :5.51 m x 3.23 m |
| Br | :4.04 m x 3.23 m |
| Br | :3.71 m x 3.68 m |
| Kitchen | :7.62 m x 6.32 m |
| Exterior Finish | :Brick |
|---|---|
| Parking Space | :11 |
| Basement | :Full |
| Garage | :Attached |
|---|---|
| Laundry Level | :Lower |
| Park | :Park |
| Library | :Library |
11 Dec, 2024
TREB #X11889856
Listed
$1900000.0
