Turn-key 7 Unit Multiplex Near GTA. And 12-plex Coming Soon. Available

Act Now Before Interest Rates Drop and the Market Heats Up!

This rare turn-key multi-unit property won’t last long. With 6 out of 7 units ready to go, it’s a hassle-free investment. Located near downtown, this property offers unbeatable convenience for tenants, with close proximity to all essential amenities, including the new Loyalist College campus.

Property Features:

• Immediate Income: Currently generating strong income with potential for rent increases upon unit turnover. Cash flow at approximately 35% down.
• Tenant Perks: Each unit includes its own parking space.
  Appliances Included: Comes equipped with 7 fridges, 7 stoves, 2 washers, and 2 dryers.
• Additional Revenue Stream: On-site coin laundry provides extra income.
• Utilities: Tenants are responsible for their own hydro, minimizing your expenses.

Location Highlights:

• Scenic Strolls: Enjoy peaceful walks along the beautiful Ganaraska River.
• Shopping & Dining: Explore a variety of boutiques and savor the local cafes, restaurants, and bars.
• Easy Commute: Quick access to Highway 401 and the VIA train station makes commuting a breeze.

Don’t miss this chance to secure a prime investment before the market becomes even more competitive. Contact us today to learn more and schedule a viewing!

All units tenanted (buyer to assume tenants). Details available upon request.

SUMMARY:
– LOCATION: Port Hope, ON (Walton St & Bramley St)
– PURCHASE PRICE: $1,499,000 Or Best Offer
– CLOSING: September 17, 2024 (Some flexibility available. This is an assignment sale.)
– PARKING: 7 Spots (1 for each unit)
– DEEP LOT: 63’ x 381’
– AGE: 100+ (Well-maintained and renovated. Solid brick.)
– HVAC: 2 furnaces
– PROPERTY TAX: $13,200 in 2023

RENOVATIONS NEEDED:
– The building is well maintained, and most units have been renovated recently.
– Bachelor unit could use cosmetic renovations on turnover.
– Please view the pictures and videos for ideas on what you’d like to renovate.

GOOD NEWS:
– 6 of 7 units are turnkey.
– Multis are hard to find and this has solid rents.

ALSO COMING SOON: turn-key 12-plex for $190k per door in Colborne, ON. Let us know in advance if you want the info package for this 12-plex.

PS. PUSH HEREto get immediate access to these discounted deals as soon as they are available.