195-197 Walton Street, Port Hope | Image 1

195-197 Walton Street

Port Hope, Port Hope

  • Commercial

$1,535,000
For Sale

Added 3 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: R2

  • Age: No Data

  • Taxes: 12801.65

  • MLS®#: X9256092

  • Days on Site: 4 Days

  • Added: Aug 15, 2024 (3 months ago)

  • Updated:

  • Last Checked: 6 hours ago

  • Listed By: RE/MAX JAZZ INC.

An exceptional opportunity to acquire a turn-key investment property in the thriving community of Port Hope. This multi-residential building boasts seven units, six of which have been completely renovated with modern finishes, attracting quality tenants. All tenants pay their own hydro, reducing landlord expenses. With Port Hope's consistently low vacancy rate, this property offers excellent income stability and growth potential. Strategically located, this property is perfectly positioned to capitalize on Port Hope's growing demand for rental housing. Whether you're a seasoned investor or looking to expand your portfolio, this property is a must-see for anyone seeking a strong return on investment in a robust rental market. Don't miss out on this rare opportunity to secure ahigh-performing asset in this desirable markets. There is further upside to be realized when tenants turn over or by separating heat and water expenses to future tenants.

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 86851

  • Area: Port Hope

  • Community: Port Hope

  • Availability Date: FLEXIBLE

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Available

Building

  • Heat Type: Gas Forced Air Open

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 7

Fees

  • Tax Year: 2024

  • Taxes: $12,802

  • Expenses: Est

  • Management Expense: 8750

  • Insurance Fee: 4132

  • Operating Fees: 40451

  • Hydro Expense: 612

  • Heat Expenses: 4901

  • Taxes Type: Annual

  • Tax Year: 2023

  • Water Fees: 3504

Land

  • Cross Street: Walton/Pine

  • Municipality District: Port Hope

  • Parcel Number: 510710151

  • Sewer: Sanitary

  • Lot Depth: 392.37 Feet

  • Lot Frontage: 62.8 Feet

  • Zoning: R2

Additional Media

  • Virtual Tour: https://youtu.be/-dVDoaUhcvU

Commercial Specific

  • Total Area: 24641.09

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

  • Vacancy Allowance: 2

  • Financial Statement: N

  • Gross Income/Sales: 129802

See 3D Tour of 195-197 Walton Street, Port Hope
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Map of 195-197 Walton Street, Port Hope
7-8

Dale Road Senior School

Elementary: Public
9.48 km
7-8

Dr M S Hawkins Senior School

Elementary: Public
0.96 km
JK-6

Beatrice Strong Public School

Elementary: Public
2.00 km
JK-8

Terry Fox Public School

Elementary: Public
9.09 km
JK-6

Ganaraska Trail Public School

Elementary: Public
1.27 km
JK-8

St. Anthony Catholic Elementary School

Elementary: Catholic
1.03 km
9-12

Clarke High School

Secondary: Public
24.12 km
9-12

Port Hope High School

Secondary: Public
0.90 km
9-12

Kenner Collegiate and Vocational Institute

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36.36 km
9-12

Holy Cross Catholic Secondary School

Secondary: Catholic
36.65 km
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St. Mary Catholic Secondary School

Secondary: Catholic
11.05 km
9-12

Cobourg Collegiate Institute

Secondary: Public
11.95 km
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