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$989,000
Status: For Sale
Live and Work Opportunity! Unique 5-unit property with a commercial unit, 4 residential units, and an attached garage. Rebuilt from foundation in 2022. Two-bedroom unit with open concept and large balcony, 1-bedroom units, and a bachelor unit. All units occupied by the seller and family, available vacant. Rare 8% cap rate, cashflow of $1500/month. No rent control as units built after 2018. Incredible return on investment in growing Arthur market. Financials available. Although there are no seperate meters, there are seperate electrical panels so creating seperate hydro meters can be done by the buyer. Financials in supplements and can be provided. All units vacant/owner occupied and vacant possession will be at closing. Seller financing may be available.Zoned C1Section 16https://www.wellington-north.com/sites/default/files/2023-05/WN%20ZBL%2066-01%20CONSOLIDATION%20March%202023.pdf
Property Type | :Residential Income |
MLS Number | :40595161 |
Listing Type | :Sale |
Property Age | :0-5 Years years |
Possession Date | : |
Last Updated | :13 Aug, 2024 (39 Days ago) |
Source | :Waterloo Region |
Price | : $989,000 |
Property Taxes | :$4711.07 |
Tax Year | :2022 |
Bedrooms | :0 + |
Air Conditioning | :Central Air |
Heating | :Forced Air |
Place of Worship | :No |
Bathrooms | :0 |
Approx Square Footage | :2795 sqft |
Virtual Tour | :Virtual Tour (External Link) |
Parking Space | :9 |
Basement | :Crawl Space |
Garage | :1 |
Library | :Library |
07 Jun, 2024
TREB #40595161
Back On Market
$989000