$725,000

Investment For Sale In West Grey, Ontario

$725,000

Property Information:

4 plex in Durham, ON with incredible income potential. 10% cap rate based on projected rental rates. The largest unity was owner occupied and features a nicely updated kitchen, soaring ceilings and fireplace as focal point. This unit is 2 bedrooms, 2.5 baths, as well as a laundry room. Lower level apartment is a full walkout with 2 bedrooms, 1 bathroom, kitchen, dining, living and laundry. Main level front unit features 2 bedrooms, 1 bathroom, laundry, kitchen and living room. Second level apartment is 2 bedrooms, 1 bathroom, laundry, kitchen, dining and living room. All units are separately metered for hydro. Hot water and hot water heat throughout is fired by natural gas boiler (2012). Units are vacant, set your own rents. Lots of parking available, 2 driveways. There is an attached workshop and mechanical area 9'6x25'. Nice outdoor space including retaining walls, deck and patio areas. Good location in Durham within walking distance to parks and shopping. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Amenities:
  • Basement Development: Finished
  • Basement Type: N/A, Full, N/A, N/A
  • Exterior Finish: Brick
  • Fireplace: Yes
  • Floor Space: 5000 - 100000 sqft
  • Foundation Type: Concrete, Stone
  • Heating Type: Radiant heat
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Dishwasher, Dryer, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 8
  • Bathrooms: 6
  • Half Bathrooms: 1
  • Amenities Nearby: Hospital, Schools
  • Features: Irregular lot size
  • Floor Space (approx): 5000 - 100000 Square Feet
  • Irregular: Yes
  • Lot Depth: 165 Feet
  • Lot Frontage: 102.7 Feet
  • Lot Size: 102.7 x 165 FT
  • Structure Type: Shed, Workshop
  • Utility Type: Cable - Available, Sewer - Installed, Hydro - Installed
  • Zoning: R2
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 7

Courtesy of: Royal LePage RCR Realty

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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