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$589,900
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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 26026413
Year Built 1945
Property Sub-Type Freehold
Property Description
Presenting an exceptional turnkey investment opportunity featuring a cash-flowing fourplex with a rare all-main-floor layout and grade-entrance accessibility. The property consists of four two-bedroom, one-bathroom units with separately metered hydro. Three units are occupied by reliable tenants who have a proven track record of on-time payments. These tenants moved in 2023, so rental rates are locked at near current market levels. The fourth unit has been freshly updated and is vacant, offering an immediate opportunity to place a high-quality tenant of your choice at market rent. On-site coin operated laundry provides an additonal income stream and the rental contract is transferable. The boiler was replaced in 2017, taking care of a major capital expenditure. Repairs were completed on the low-sloping roof in 2026 and there is room for 5-6 parking spots. With a cap rate of approximately 7%, this asset delivers predictable, high-yield performance. Call today for more information and schedule your private walkthrough. (id:24570)
Location
Province ON
Rooms
Kitchen 4.0
Extra Room 1 Main level 11 ft X 9 ft , 5 in Bedroom
Extra Room 2 Main level 8 ft , 3 in X 11 ft , 2 in Bedroom
Extra Room 3 Main level 5 ft X 8 ft 4pc Bathroom
Extra Room 4 Main level 11 ft X 17 ft , 6 in Living room/Dining room
Extra Room 5 Main level 8 ft X 7 ft , 2 in Kitchen
Extra Room 6 Main level 5 ft X 8 ft 4pc Bathroom
Interior
Heating Boiler, Ductless,
Flooring Ceramic/Porcelain, Cushion/Lino/Vinyl
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Story 1
Others
Ownership Freehold
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Listed by ROYAL LEPAGE PEIFER REALTY, Brokerage
NEARBY SCHOOL & BUSINESS
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