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Royal LePage
Royal LePage
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$819,000

3874 CHAMPLAIN ROAD, Clarence-Rockland, Ontario, K0A 1E0

MLS® # X13050710

Clarence-Rockland ON, K0A 1E0

MLS® # X13050710

Property Information:

Welcome to 3874 Champlain Street. 6.8% CAP! This well-maintained 7-UNIT multi-residential property on 0.648 acres of land offers a strong investment opportunity with stable income and long-term potential and is offered at only $117,000/unit. The building consists of six (6) 2-bedroom units and one (1) 3-bedroom unit, all currently tenanted. Extensive updates have been completed, including a new roof (2023) and siding, updated plumbing and electrical systems, upgraded septic system (2012), and the installation of a new boiler along with tankless hot water systems. The property features a large timber frame foundation and operates on a single hydro meter. Gas & water one meter. Six (6) storage lockers are included for tenant use. This offering presents a solid income-generating asset and is well-suited for investors seeking a turnkey, fully leased multi-unit property. Opportunity exists to increase revenues and further enhance returns through rental optimization! (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 5232 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Multi-family
  • Features: Irregular lot size
  • Floor Space (approx): 5232 Square Feet
  • Irregular: Yes
  • Lot Depth: 209 Feet
  • Lot Frontage: 134 Feet
  • Lot Size: Bldg=134 x 209 FT
  • Zoning: 7.1.3
  • No. of Parking Spaces: 7

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 3874 CHAMPLAIN ROAD, Clarence-Rockland, Ontario, K0A 1E0

Demographic Information of 3874 CHAMPLAIN ROAD, Clarence-Rockland, Ontario, K0A 1E0

Life Stage

Older Parents, Younger Kids

Employment Type

Mixed

Average Household Income

$147,367.74

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.68 %

High school certificate or equivalent

35.27 %

Apprenticeship trade certificate/diploma

6.31 %

College/non-university certificate

27.74 %

University certificate (below bachelor)

0.43 %

University Degree

13.58 %

Commuter

Travel To Work

By Car

89.02 %

By Public Transit

0.0 %

By Walking

0.97 %

By Bicycle

0.0 %

By Other Methods

10.01 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

5.73 %

Houses

94.27 %

Own Vs. Rent

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