This 20-unit townhouse-style complex is spread over 2.9 acres with strong income and significant upside. Current NOI exceeds $164K with multiple units recently turned and leased at $1,400$1,500/month. Older units still average under $800/month, providing substantial mark-to-market potential. Tenants pay their own hydro and the site includes income from storage rentals. Ideal for long-term investors seeking scale, low turnover, and a clear path to increased yield through repositioning. Financials available. Buyer to do own due diligence. (id:13843)
MLS # | X12105719 |
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Listing Type | For Sale |
Style | Town House |
Status | Active |
Days On Site | 77 |
Listing Provided By | PRIME REAL ESTATE BROKERAGE | JUSTIN KONIKOW |
SQ Feet | 2 |
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Zoning | RES |
Acreage | 2.90 |
Province | ON |
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City | Huron-Kinloss |
Postal Code | N0G2H0 |
Listing VS Median (in N0G2H0) | |
Price: $3,499,000 low | high Med: $1,529,000 SqFt: 2 low | high Med: 5,747 $ / SqFt: $1,749,500 low | high Med: $5,693 On site: 77 low | high Med: 191.500000 |