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$1,499,000
Est. payment /mo
10 Beds
6 Baths
4,999 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,999 sqft
Price per Sqft $299
Subdivision Haldimand
MLS® Listing ID X11959149
Bedrooms 10
Originating Board Toronto Regional Real Estate Board
Property Description
**Prime Investment Opportunity Purpose-Built 6-Unit Apartment Building in Jarvis!** An outstanding multiplex investment offering stable rental income, with all units currently occupied. This well-maintained brick and concrete construction with metal siding features four spacious two-bedroom units and two one-bedroom units, each separately metered. Recent upgrades enhance long-term value, including a newer pump (2024), windows (2023-2024), boiler and furnace (2018), resurfaced roof (2017), and updated siding (2019). This income-generating property produces a gross total income of $115,360 per year, with total expenses of $17,820 and a strong 6.5% CAP rate. Tenant storage lockers and ample parking add further value. Situated in a growing community just 35 minutes from HWY 403/Hamilton, this property offers long-term appreciation with potential upside and the ability to increase rents to market value over time. Don't miss this incredible investment opportunity! (id:24570)
Location
Province 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
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Listed by EXP REALTY