Discover an exceptional investment opportunity in the charming community of Cannington. This well-maintained four-plex offers the perfect blend of immediate cash flow and future upside potential, featuring four bright and spacious 2-bedroom apartments, all occupied by reliable long-term tenants. Ideally situated on full municipal services and directly across from a beautiful nature trail, this property offers tenants a peaceful setting with the convenience of town living. Valuable features including four separate hydro meters, four water heaters, and four private garden sheds for added tenant convenience. A turnkey investment with all four units fully rented, currently generating $3010.00 per month in rental income. Tenants pay their own utilities, with only one unit including water costs, helping keep operating expenses manageable. With cosmetic updates or renovations, there is excellent potential to significantly increase rental income and maximize returns over time. Whether you're looking to expand your portfolio or secure a solid income-producing property with future growth potential, this four-plex presents an outstanding opportunity in a welcoming small-town setting. (id:13843)
| MLS # | N13726980 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 64 |
| Listing Provided By | REALTY ONE GROUP REVEAL | MIRWAN EID |
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,000 |
| Basement | Y |
| Story(s) | 2 |
| Cooling | None |
|---|---|
| Heating | Baseboard heaters, Electric |
| Appliances | Refrigerator, Stove, Water Heater |
| Fireplace Yes / No | No |
| Foundation Details | Unknown |
|---|
| Parking Features | No Garage |
|---|---|
| Parking Total | 10 |
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
| Tax Annual Amount | 4408.45 |
|---|
| Province | ON |
|---|---|
| City | Brock (Cannington) |
| Postal Code | L0E1E0 |
| Listing VS Median (in L0E1E0) | |
Price: $759,900 low | high Med: $749,900 sqft: 2,000 low | high Med: 1,100 $ / sqft: $380 low | high Med: $682 On site: 64 low | high Med: 45 | |
| Province | ON |
|---|---|
| City | Brock (Cannington) |
| Postal Code | L0E1E0 |
| Listing VS Median (in L0E1E0) | |
Price: $759,900 low | high Med: $749,900 sqft: 2,000 low | high Med: 1,100 $ / sqft: $380 low | high Med: $682 On site: 64 low | high Med: 45 | |