Who’s looking for a profitable property?
Here’s your chance to lock in a turnkey, cash-flowing 4-plex in the heart of Havelock with over $200K in instant equity! Professionally appraised at $650K and priced at just $419k, this mixed-use semi includes three residential units plus a commercial storefront—all fully tenanted, all paying on time, and no major work required. Whether you’re a landlord looking to buy and hold, or a strategic investor with an eye for long-term value, this deal checks all the boxes.
Located on King St E, just 30 minutes east of Peterborough, Havelock is undergoing a major downtown revitalization—complete with new sidewalks, street lighting, and beautification projects that will dramatically boost property values. With 8 parking spots, over 2,600 sqft of rentable space, and happy long-term tenants (including a loyal “superintendent”), this is a hands-off landlord’s dream.
SUMMARY:
– LOCATION: Havelock, ON (King St E & Union St)
– PURCHASE PRICE: $419,900 Or Best Offer
– CURRENT APPRAISED VALUE: $650,000
– CLOSING: July 22, 2025 (This is an assignment sale.)
– TYPE: Semi Detached 4plex. Current rental income approx. $3600/month
1ST Floor Unit: 2 beds/1 bath. Long term tenants paying $1300/month.
2nd Floor Unit: 1 bed/1 bath. Long term tenant paying $800/month. Acts as “superintendent”.
3rd Floor Unit: 1 bed/1 bath. Long term tenants paying $800/month.
Commercial Unit: Salon/Art Store paying $700/month.
– PARKING: 8 spaces
– BASEMENT: Crawl space
– SQFT: 2,684 approx
– LOT: 33’ x 165’
– ZONING: Commercial (C2)
– POSSESSION: Tenanted
RENOVATIONS NEEDED:
– Rent-ready across the board, with opportunity for future cosmetic updates to drive up value.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Professionally appraised at $650K—buy for just $419K!
– Over $100K recently invested in improvements
– No tenant issues—long-term residents, all up to date on rent
– Low-maintenance utilities (baseboard heat, no furnace), roof resealed in 2020
– Windows updated 2017–2018
– Major downtown improvements underway—walkable location with future upside
– Mixed-use income stream with both residential and commercial rents
LISTING ID: 0625-HAV-F01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang, Josea Dussard
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.