Added 4 months ago
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Type: Investment
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Property Type: Commercial
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Zoning: EC-R(H) Entrepre
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Age: 51-99 years
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Taxes: 5020
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MLS®#: X10744950
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Days on Site: 115 Days
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Added: Aug 12, 2024 (4 months ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: Re/Max a-b Realty Ltd Brokerage
Designed with the concept of a private owner's suite at the rear, this exceptional 4-plex in downtown Tillsonburg offers unlimited potential. Whether you envision living in the spacious back unit while the rental income from the front three units covers your mortgage, or you're a savvy investor seeking an excellent opportunity, this property provides flexibility and convenience with walking access to numerous amenities. The back unit features a raised ranch layout with generous living space, two bedrooms, two bathrooms, a private laundry area, and a back patio overlooking a large yard ideal for summer relaxation. Meanwhile, the three front units are tenant-occupied and heated by electric heat, with tenants covering utility costs. In 2009, the front units were extensively renovated, taken down to the studs, and rebuilt to code, featuring new vinyl windows, separately metered plumbing and electrical systems, updated kitchens and bathrooms, new entry doors, and fire separations all inspected and approved. Additional updates include a new roof in 2016, new windows in the back unit in 2022, and a newly added asphalt pad (21' x 24') in front of the garage for added convenience. This impeccably maintained property is ready to meet a variety of needs don't miss this exceptional investment opportunity!
Property
Status: Sale
Property Type: Investment
Age: 51-99
Area: Tillsonburg
Availability Date: Flexible
Assessment Amount: $357,000
Assessment Year: 2024
Inside
Bathrooms: 5
Air Conditioning: Central Air
Washrooms: 5
Building
Basement: Y
Heat Type: Forced Air
Water Supply: Municipal
Parking
Garage Type: Detached
Covered Parking Spaces: 5
Fees
Tax Year: 2023
Tax Legal Description: LT 1551 PL 500; TILLSONBURG TOGETHER WITH AN EASEMENT OVER LT 15
Taxes: $5,020
Expenses: Est
Insurance Fee: 3600
Operating Fees: 11020
Land
Cross Street: Broadway Street sout
Municipality District: Tillsonburg
Parcel Number: 000370008
Sewer: Sewers
Lot Depth: 145.4 Feet
Lot Frontage: 50 Feet
Lot Irregularities: L-Shaped Lot - drivew
Zoning: EC-R(H) Entrepre
Commercial Specific
Total Area: 3351
Total Area Metric: Sq Ft
Area Influence: Park
Area Influence: Public Transit
Monsignor J H O'Neil School
Elementary: CatholicCourtland Public School
Elementary: PublicSt Joseph's School
Elementary: CatholicSouth Ridge Public School
Elementary: PublicWestfield Public School
Elementary: PublicAnnandale Public School
Elementary: PublicDelhi District Secondary School
Secondary: PublicValley Heights Secondary School
Secondary: PublicSt Mary's High School
Secondary: CatholicCollege Avenue Secondary School
Secondary: PublicIngersoll District Collegiate Institute
Secondary: PublicGlendale High School
Secondary: Public
