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Palmerston,ON N0G 2P0
Key Details
Property Type Multi-Family
Sub Type Multi-5 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 4,243 sqft
Price per Sqft $212
MLS Listing ID 40630237
Bedrooms 6
Abv Grd Liv Area 4,243
Originating Board Mississauga
Annual Tax Amount $5,392
Property Description
Welcome to your new investment property! This fantastic gem in beautiful Palmerston is easy investing at it's finest. A fully rented 5-plex is ready to be added to your portfolio. Each unit is fully self-contained with a fridge, stove, washer and dryer. Units 2,3,4 and 5 have long-term, reliable tenants who have been in place for the last 7+ years. Unit 1 was just rented out at today's market rent rate of $1,400/month. Brand new boiler system was installed in June of this year. Parking for up to 6 cars with a front and back parking pad. Nearby everything that Palmerstion has to offer. Plus, the property was approved for a 6th unit, permitted back in 2021, but was just never built (you can see the potentially outline for the new unit at the back of the home). This is an investors dream: fully tenanted, with stable and reliable tenants, a brand new heating system, and with the potential of a 6th unit, room to grow!
Location
Province ON
County Wellington
Area Minto
Zoning Residential
Direction York and Main St
Rooms
Basement Full,Unfinished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Other
Cooling None
Fireplace No
Appliance Dishwasher,Dryer,Refrigerator,Stove,Washer
Laundry In-Suite
Exterior
Waterfront No
Roof Type Asphalt Shing
Lot Frontage 72.0
Lot Depth 132.0
Garage No
Building
Lot Description Park,Place of Worship,Schools,Shopping Nearby
Faces York and Main St
Story 3
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Stucco
New Construction No
Others
Senior Community No
Tax ID 710400030
Ownership Freehold/None