2047 Main Street S Haldimand, Ontario N0A 1J0
$1,770,000
**Prime Investment Opportunity 6-Unit Apartment Building in Jarvis!** An outstanding multiplex investment offering stable rental income, with all units currently occupied. This well-maintained property features four spacious two-bedroom units and two one-bedroom units, each separately metered. Recent upgrades enhance long-term value, including a newer pump (2024), windows (2023-2024), boiler & furnace (2018), resurfaced roof (2017), and updated siding (2019). This income-generating property produces a gross total income of $115,360 per year, including rental revenue and coin laundry income ($1,984), with total expenses of $17,820, resulting in a NOI of $97,540 and a strong 5.50% CAP rate. Tenant storage lockers and ample parking add further value. Situated in a growing community, just 35 minutes from HWY 403/Hamilton, this property offers long-term appreciation and the ability to increase rents to market value over time. Don't miss this incredible investment opportunity! (id:50886)
Property Details
| MLS® Number | X11959149 |
| Property Type | Multi-family |
| Community Name | Haldimand |
| Features | Irregular Lot Size |
| Parking Space Total | 10 |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 10 |
| Bedrooms Total | 10 |
| Amenities | Separate Electricity Meters |
| Appliances | Dryer, Refrigerator, Stove, Washer |
| Basement Development | Finished |
| Basement Type | N/a (finished) |
| Exterior Finish | Steel |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 129 Ft ,10 In |
| Size Frontage | 61 Ft ,10 In |
| Size Irregular | 61.9 X 129.9 Ft |
| Size Total Text | 61.9 X 129.9 Ft |
https://www.realtor.ca/real-estate/27884388/2047-main-street-s-haldimand-haldimand
Contact Us
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Natalie Kuchava
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February 07 2025 01:37:32
Toronto Regional Real Estate Board
Exp Realty