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$899,900
Status: For Sale
Welcome to your new investment property! This fantastic gem in beautiful Palmerston is easy investing at it's finest. A fully rented 5-plex is ready to be added to your portfolio. Each unit is fully self-contained with a fridge, stove, washer and dryer. Units 2,3,4 and 5 have long-term, reliable tenants who have been in place for the last 7+ years. Unit 1 was just rented out at today's market rent rate of $1,400/month. Brand new boiler system was installed in June of this year. Parking for up to 6 cars with a front and back parking pad. Nearby everything that Palmerstion has to offer. Plus, the property was approved for a 6th unit, permitted back in 2021, but was just never built (you can see the potentially outline for the new unit at the back of the home). This is an investors dream: fully tenanted, with stable and reliable tenants, a brand new heating system, and with the potential of a 6th unit, room to grow!
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40630237 |
| Listing Type | :Sale |
| Property Age | :100+ Years |
| Possession Date | : |
| Last Updated | :26 Sep, 2024 (57 Days ago) |
| Source | :Mississauga |
| Area | :Wellington |
|---|---|
| Community | : Palmerston |
| City | :Palmerston |
| Area Major | :Minto |
| Area Minor | :Minto |
| Postal Code | : N0G 2P0 |
| Directions | :York and Main St |
| Price | : $899,900 |
|---|---|
| Property Taxes | :$5392 |
| Tax Year | :2024 |
|---|
| Bedrooms | :6 + |
|---|---|
| Heating | :Other |
| Place of Worship | :No |
| Cross Street | :York and Main St |
| Bathrooms | :5 |
|---|---|
| Approx Square Footage | :4243 sqft |
| Virtual Tour | :Virtual Tour (External Link) |
07 Aug, 2024
TREB #40630237
Listed
$899900
