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$1,399,000
Status: For Sale
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.
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40632739 |
| Listing Type | :Sale |
| Property Age | :0-5 Years years |
| Possession Date | : |
| Last Updated | :16 Oct, 2024 (1 Day ago) |
| Source | :Woodstock-Ingersoll Tillsonburg |
| Area | :Perth |
|---|---|
| City | :Shakespeare |
| Area Major | :Perth East |
| Area Minor | :47 - Shakespeare |
| Postal Code | : N0K 1J0 |
| Directions | :Line 34 Between James Street and Galt Street |
| Price | : $1,399,000 |
|---|---|
| Property Taxes | :$4819.24 |
| Tax Year | :2024 |
|---|
| Bedrooms | :6 + |
|---|---|
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Place of Worship | :No |
| Bathrooms | :4 |
|---|---|
| Approx Square Footage | :5159 sqft |
| Parking Space | :10 |
|---|---|
| Basement | :Full |
| Park | :Park |
|---|
26 Sep, 2024
TREB #40632739
Price Change
$1399000
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