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$ 1,399,000
Est. payment /mo
Price Dropped by $50K
2047 MAIN STREET S Haldimand, ON N0A1J0
10 Beds
6 Baths
3,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $399
Subdivision Haldimand
MLS® Listing ID X11959149
Bedrooms 10
Source Toronto Regional Real Estate Board
Property Description
Prime Investment Opportunity Purpose-Built 6-Unit Apartment Building in Jarvis! An excellent multiplex investment offering steady rental income, with all six units currently tenanted. This well-maintained brick and concrete building with metal siding features four spacious two-bedroom units and two one-bedroom units, each separately hydro metered. The building has benefited from a series of updates over time, including improvements to the mechanical systems, windows, roofing, and exterior. These upgrades support long-term value and reduced maintenance needs. With a gross annual income of $115,880 and total expenses of $20,029, the property offers a strong 6.9% CAP rate. Additional features include ample parking and dedicated tenant storage lockers. Located in a growing community just 35 minutes from HWY 403/Hamilton, this property offers excellent long-term appreciation potential, along with the opportunity to bring rents in line with market value over time. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 10
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by EXP REALTY