Get this before rates lower and everyone starts buying up multis again like crazy. It’s rare to find a turn-key multi and 6 of 7 units are turnkey. Great location near downtown for tenant’s convenience. Close to all amenities, including new Loyalist College campus. Stroll along the Ganaraska River. Browse boutiques and dine at all the local cafes, restaurants, and bars. Close to 401 and VIA train station for commuters.
Has good income now, plus potential to raise rents for most units on turnover. All units have their own parking space. Includes 7 fridges, 7 stoves, 2 washers, 2 dryers. Coin laundry for extra income. Tenants pay their own hydro.
All units tenanted (buyer to assume tenants). Details available upon request.
SUMMARY:
– LOCATION: Port Hope, ON (Walton St & Bramley St)
– PURCHASE PRICE: $1,610,000 Or Best Offer
– CLOSING: March 20, 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.
Please let us know if you want to view it or if you want us to email you the info package. (Income & expenses, Comparable sales, MPAC info, and more…)
Thank you,
Josea Paul, Deb Weir, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.