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Royal LePage
Royal LePage
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$594,900

550-552 MARIO STREET, Hawkesbury, Ontario, K6A 3V3

MLS® # X13547724

Hawkesbury ON, K6A 3V3

MLS® # X13547724

Property Information:

Excellent investment opportunity! This legal fourplex, built in 2001, offers strong, reliable income with a current gross annual rental income of $45,636. The property features four self-contained units and is fully tenanted, making it an ideal turnkey addition to any investment portfolio. Tenants pay their own gas and hydro, helping to keep operating costs low. The roof was replaced in June 2022, providing added peace of mind for years to come. Situated in a desirable location, this well-maintained income property offers stable cash flow today with additional upside, as all rents are eligible for a legal increase as early as November 1, 2026. There may also be potential to divide the building into two duplexes (similar to neighbouring properties), with buyers encouraged to verify this possibility with the municipality. Whether you're looking to expand your investment portfolio or purchase your first multi-unit property, this legal fourplex presents an outstanding opportunity. 24 hours' notice is required for all showings. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Architectural Style: Raised bungalow
  • Basement Development: Finished
  • Basement Type: Full, N/A, N/A
  • Exterior Finish: Brick, Vinyl siding
  • Fireplace: Yes
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type: Poured Concrete
  • Heating Type: Baseboard heaters, Other
  • Heating Fuel: Electric, Natural gas
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 4+4
  • Bathrooms: 4
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 83.7 Feet
  • Lot Frontage: 79.7 Feet
  • Lot Size: 79.7 x 83.7 FT
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 4

Courtesy of: RE/MAX ABSOLUTE REALTY INC.

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 550-552 MARIO STREET, Hawkesbury, Ontario, K6A 3V3

Demographic Information of 550-552 MARIO STREET, Hawkesbury, Ontario, K6A 3V3

Life Stage

Older Parents, Younger Kids

Employment Type

Mixed

Average Household Income

$99,976.33

Average Number of Children

1.70

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

27.07 %

High school certificate or equivalent

35.28 %

Apprenticeship trade certificate/diploma

9.6 %

College/non-university certificate

20.03 %

University Degree

8.03 %

Commuter

Travel To Work

By Car

99.89 %

By Public Transit

0.0 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

0.11 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

0.09 %

Houses

99.91 %

Own Vs. Rent

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