256 Oxford Street, Ingersoll | Image 1

256 Oxford Street

Ingersoll

  • Commercial

$2,499,000
For Sale

Added 2 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: R3-9

  • Age: 51-99 years

  • Taxes: 12442

  • MLS®#: X9306734

  • Days on Site: 10 Days

  • Added: Sep 07, 2024 (2 months ago)

  • Updated:

  • Last Checked: 44 minutes ago

  • Listed By: BRIDGE REALTY

Zero condo fee and free hold Neatly maintained 12-unit apartment complex located in the center of Ingersoll, Ontario. The building has eleven two-bedroom flats with a kitchen and bathroom, as well as one-bedroom unit with one bathroom, parking, and mailbox. Situated on a 0.717-acre property, the three-story building spans roughly 15,000 square feet. A varied tenant mix is ensured by the property's handy location close to supermarkets, amenities, parks, recreational spaces, and a hospital. It is also easily accessible via highway 401 and public transportation. This solid brick structure has had several inside renovations, such as new windows installed around 15 years ago, updated external doors, and a new roof put in about 6 years ago. There are two boilers on the premises. The property provides an important potential for additional value together with consistent gross revenue. For astute investors looking for a profitable venture in a developing sector with significant potential for greater returns and it represents an outstanding opportunity. The majority of tenants are long-term residents.

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 51-99

  • Net Income: 123756

  • Area: Ingersoll

  • Availability Date: Flexible

  • Assessment Amount: $60,000

  • Assessment Year: 2024

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Available

Building

  • Basement: N

  • Heat Type: Water Radiators

  • Elevator: None

  • UFFI: No

  • Green Verification Status: N

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 15

Fees

  • Tax Year: 2023

  • Tax Legal Description: OXFORD STANDARD CONDOMINIUM PLAN NO. 100 AND ITS A.

  • Taxes: $12,442

  • Expenses: Est

  • Insurance Fee: 4874

  • Operating Fees: 36118

  • Hydro Expense: 3636

  • Heat Expenses: 9348

  • Taxes Type: Annual

  • Taxes: 12442

  • Tax Year: 2023

  • Water Fees: 1000

Land

  • Cross Street: Oxford St & Ann St

  • Municipality District: Ingersoll

  • Sewer: Sanitary

  • Lot Depth: 297.86 Feet

  • Lot Frontage: 105.9 Feet

  • Lot Irregularities: 297.69 FT X 103.41 FT

  • Zoning: R3-9

Additional Media

  • Virtual Tour: https://show.tours/256oxfordst?b=0

Commercial Specific

  • Rail: N

  • Retail Area Metric: %

  • Sprinklers: N

  • Total Area: 0.72

  • Total Area Metric: Acres

  • Industrial Area Metric: %

  • Office Size: 12000

  • Office Size Metric: Sq Ft

  • Area Influence: Public Transit

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: N

  • Lot Code: Lot

  • Survey: N

  • Soil Test: N

  • Financial Statement: Y

  • Gross Income/Sales: 159874

  • LLBO: N

Map of 256 Oxford Street, Ingersoll
JK-8

St Jude's School

Elementary: Catholic
1.37 km
JK-8

Thamesford Public School

Elementary: Public
10.14 km
JK-8

St Patrick's

Elementary: Catholic
13.61 km
JK-8

Royal Roads Public School

Elementary: Public
1.01 km
JK-8

Harrisfield Public School

Elementary: Public
1.01 km
JK-8

Laurie Hawkins Public School

Elementary: Public
1.38 km
9-12

St Don Bosco Catholic Secondary School

Secondary: Catholic
15.05 km
9-12

Woodstock Collegiate Institute

Secondary: Public
14.78 km
9-12

St Mary's High School

Secondary: Catholic
13.85 km
9-12

Huron Park Secondary School

Secondary: Public
16.50 km
9-12

College Avenue Secondary School

Secondary: Public
14.92 km
9-12

Ingersoll District Collegiate Institute

Secondary: Public
1.37 km
100 Samnah Crescent, Ingersoll | MLS: X9349355
For Sale
2 months ago
$1,988,000
  • 0 bath
  • 0 bed

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