Sold on Jul 03, 2024
Note: Property is not currently for sale or for rent.
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Type: Fourplex
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Style: 2-Storey
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Lot Size: 132 x 68 Feet
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Age: 100+ years
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Taxes: $5,014 per year
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Days on Site: 7 Days
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Added: Jun 26, 2024 (1 week on market)
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Updated:
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Last Checked: 22 hours ago
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MLS®#: X8482444
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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
Very Walkable
- Most errands can be accomplished on foot.
Somewhat Bikeable
- Most errands require a car.
St Jude's School
Elementary: CatholicThamesford Public School
Elementary: PublicSt Patrick's
Elementary: CatholicRoyal Roads Public School
Elementary: PublicHarrisfield Public School
Elementary: PublicLaurie Hawkins Public School
Elementary: PublicSt Don Bosco Catholic Secondary School
Secondary: CatholicWoodstock Collegiate Institute
Secondary: PublicSt Mary's High School
Secondary: CatholicHuron Park Secondary School
Secondary: PublicCollege Avenue Secondary School
Secondary: PublicIngersoll District Collegiate Institute
Secondary: Public-
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Yvonne Holmes Mott Memorial Park
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