UPDATED:
10/28/2024 05:50 AM
Key Details
Property Type Multi-Family
Sub Type Multi-5 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 2,795 sqft
Price per Sqft $342
MLS Listing ID 40662331
Abv Grd Liv Area 2,795
Originating Board Waterloo Region
Annual Tax Amount $8,400
Property Description
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 separate meters, there are separate
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 C1 Section 16 https://www.wellington-north.com/sites/default/files/2023-
05/WN%20ZBL%2066-01%20CONSOLIDATION%20March%202023.pdf Seller financing may be available up
to 100k! See financials. https://drive.google.com/drive/folders/15XpTqZ9MNCAz9fZ1OkUG3gNe-5wfcm4x?
usp=drive_link
Location
Province ON
County Wellington
Area Wellington North
Zoning C1
Direction Highway 109 and highway 6
Rooms
Basement Full, Unfinished, Sump Pump
Kitchen 0
Interior
Interior Features Central Vacuum, Upgraded Insulation, Other
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Window Features Window Coverings
Appliance Hot Water Tank Owned
Laundry In-Suite
Exterior
Garage Detached Garage
Garage Spaces 1.0
Waterfront No
Roof Type Asphalt Shing
Lot Frontage 61.96
Garage Yes
Building
Lot Description Irregular Lot, Ample Parking, City Lot, High Traffic Area, Highway Access, Library, Open Spaces, Park, Public Parking, Public Transit, Rec./Community Centre, School Bus Route, Shopping Nearby
Faces Highway 109 and highway 6
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Brick,Stucco
New Construction No
Others
Senior Community false
Tax ID 711030013
Ownership Freehold/None
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