131-133 Cherry Street, Ingersoll | Image 1

131-133 Cherry Street

Ingersoll

  • - bed - bath
$XXX,XXX Listed: $XXX,XXX
Sold

Sold on Jul 03, 2024

Note: Property is not currently for sale or for rent.

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  • Type: Fourplex

  • Style: 2-Storey

  • Lot Size: 132 x 68 Feet

  • Age: 100+ years

  • Taxes: $5,014 per year

  • Days on Site: 7 Days

  • Added: Jun 26, 2024 (1 week on market)

  • Updated:

  • Last Checked: 3 hours ago

  • MLS®#: X8482444

  • Listed By: Royal lepage triland realty

It's A Money Maker! This fully leased 4-plex offers a solid investment opportunity with a 5.5% CAP rate (at current income & expenses) as well as solid tenancies. Over 3,000 square feet above grade, low maintenance and located in a quiet, established South Ingersoll neighborhood. Easy access to the 401 & walking distance to downtown, shopping and schools. TWO 1-Bedroom units upstairs: each has a ground level porch/patio and spacious ground level entries/foyers. You'll find a spacious 2-bedroom main floor apartment at the west end of the building. The 2 bedroom unit has on site parking, a fenced yard, deck and functional laundry/mud room. The main floor 3-bedroom apartment, at the east end of the building, has a rare attached double garage with inside access. This apartment is open and bright, has a dedicated laundry/mud room, it's a deck in in the good sized back yard. Consider owner occupying one unit. No rental equipment, 4 separate hydro meters, and tenants pay their own gas and hydro. Act now to secure this great investment opportunity with positive cash flow. 24-48 hours notice appreciated for showings.

Extras

From PropertyLine report: 3,004 above grade (main 1,952 sqft and 2nd floor 1,052 sqft).

Status

  • Days on Market: 7

  • Last Status: Sold

  • Sold Date: Jul 03, 2024

  • Closed Date: Jul 31, 2024

  • Expiry Date: Oct 31, 2024

  • Sold Price: $615,000

  • Unavailable Date: Jul 03, 2024

  • Input Date: Jun 27, 2024

Property

  • Status: Sale

  • Property Type: Fourplex

  • Style: 2-Storey

  • Age: 100+

  • Area: Ingersoll

  • Availability Date: FLEXIBLE

  • Assessment Amount: $335,000

  • Assessment Year: 2024

Inside

  • Bedrooms: 7

  • Bathrooms: 4

  • Kitchens: 4

  • Rooms: 4

  • Den/Family Room: No

  • Air Conditioning: None

  • Fireplace: No

  • Washrooms: 4

Utilities

  • Electricity: Yes

  • Gas: Yes

  • Cable: Available

  • Telephone: Available

Building

  • Basement: Full

  • Basement 2: Unfinished

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Alum Siding

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Pvt Double

  • Garage Spaces: 2

  • Garage Type: Attached

  • Covered Parking Spaces: 4

  • Total Parking Spaces: 6

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 10-11 BLK 45 PL 279 AS IN 459788; INGERSOLL

  • Taxes: $5,014

Highlights

  • Feature: Golf

  • Feature: Hospital

  • Feature: Library

  • Feature: Park

  • Feature: Place Of Worship

  • Feature: Rec Centre

Land

  • Cross Street: From 401, exit north

  • Municipality District: Ingersoll

  • Fronting On: North

  • Parcel Number: 001680120

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 68 Feet

  • Lot Frontage: 132 Feet

  • Acres: < .50

  • Zoning: R2

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Very Walkable

  • Most errands can be accomplished on foot.
78 /100

Somewhat Bikeable

  • Most errands require a car.
43 /100
Map of 131-133 Cherry Street, Ingersoll
JK-8

St Jude's School

Elementary: Catholic
1.69 km
JK-8

Thamesford Public School

Elementary: Public
10.17 km
JK-8

St Patrick's

Elementary: Catholic
12.84 km
JK-8

Royal Roads Public School

Elementary: Public
0.47 km
JK-8

Harrisfield Public School

Elementary: Public
1.26 km
JK-8

Laurie Hawkins Public School

Elementary: Public
1.29 km
9-12

St Don Bosco Catholic Secondary School

Secondary: Catholic
14.27 km
9-12

Woodstock Collegiate Institute

Secondary: Public
13.98 km
9-12

St Mary's High School

Secondary: Catholic
13.10 km
9-12

Huron Park Secondary School

Secondary: Public
15.71 km
9-12

College Avenue Secondary School

Secondary: Public
14.15 km
9-12

Ingersoll District Collegiate Institute

Secondary: Public
0.92 km

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