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$ 1,399,000
Est. payment | /mo
10 Beds
6 Baths
$ 1,399,000
Est. payment | /mo
10 Beds
6 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Haldimand
MLS Listing ID X11959149
Style 2-Storey
Bedrooms 10
Annual Tax Amount $5,220
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Prime Investment Opportunity Purpose-Built 6-Unit Apartment Building in Jarvis! An excellent multiplex investment offering steady rental income, with all six units currently tenanted. This well-maintained brick and concrete building with metal siding features four spacious two-bedroom units and two one-bedroom units, each separately hydro metered. The building has benefited from a series of updates over time, including improvements to the mechanical systems, windows, roofing, and exterior. These upgrades support long-term value and reduced maintenance needs. With a gross annual income of $115,880 and total expenses of $20,029, the property offers a strong 6.9% CAP rate. Additional features include ample parking and dedicated tenant storage lockers. Located in a growing community just 35 minutes from HWY 403/Hamilton, this property offers excellent long-term appreciation potential, along with the opportunity to bring rents in line with market value over time.
Location
Province ON
County Haldimand
Community Haldimand
Area Haldimand
Rooms
Family Room No
Basement Finished
Kitchen 6
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Available
Pool None
Roof Type Other
Lot Frontage 61.9
Lot Depth 129.94
Total Parking Spaces 10
Building
Foundation Concrete
Listed by EXP REALTY
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