4,350 sqft
None
Baseboard Heaters
$749,000
8.2% Cap Rate! Well-maintained legal 6-plex (5 x 1 Bdrm, 1 x 2 Bdrm) with phenomenal curb appeal on a large corner lot. 1 unit presently vacant. Excellent Tenant profile. Units are heated by Electric Baseboard, Tenants pay their own Hydro, Ample onsite parking and centrally located 150m from downtown & within walking distance to all amenities. This investment has lots of unrealized upside potential, Unit 4 has a sizeable, Full height finished attic space not being used which could transform unit 4 into a large 2-storey 4 bedroom suite. Spacious coach house currently in use by the owner has potential to bring additional rental income or could potentially be converted to a 7th unit with city approval. (id:63476)
Business
|
Business Type |
Residential |
|
Business Sub Type |
Apartments |
Property Details
|
MLS® Number |
X13224684 |
|
Property Type |
Multi-family |
|
Community Name |
Wingham |
|
Equipment Type |
Dryer(s), Washer(s) |
|
Parking Space Total |
8 |
|
Rental Equipment Type |
Dryer(s), Washer(s) |
Building
|
Appliances |
Water Heater |
|
Cooling Type |
None |
|
Heating Type |
Baseboard Heaters |
|
Size Interior |
4,350 Sqft |
|
Type |
Multi-family |
|
Utility Water |
Municipal Water |
Land
|
Acreage |
No |
|
Size Depth |
120 Ft |
|
Size Frontage |
93 Ft |
|
Size Irregular |
93 X 120 Ft |
|
Size Total Text |
93 X 120 Ft |
|
Zoning Description |
R2 |