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$ 1,399,000
Est. payment /mo
Price Dropped by $50K
2047 Main ST S Haldimand, ON N0A 1J0
10 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Haldimand
MLS Listing ID X11959149
Style 2-Storey
Bedrooms 10
Annual Tax Amount $5,220
Tax Year 2024
Property Sub-Type Multiplex
Property Description
**Prime Investment Opportunity Purpose-Built 6-Unit Apartment Building in Jarvis!** An outstanding multiplex investment offering stable rental income, with all units currently occupied. This well-maintained brick and concrete construction with metal siding features four spacious two-bedroom units and two one-bedroom units, each separately Hydro metered. Recent upgrades enhance long-term value, including a newer pump (2024), windows (2023-2024), boiler and furnace (2018), resurfaced roof (2017), and updated siding (2019). This income-generating property produces a gross total income of $115,880 per year, with total expenses of $20,029 and a strong 6.9% CAP rate. Tenant storage lockers and ample parking add further value. Situated in a growing community just 35 minutes from HWY 403/Hamilton, this property offers long-term appreciation with potential upside and the ability to increase rents to market value over time. Don't miss this incredible investment opportunity!
Location
Province ON
County Haldimand
Community Haldimand
Area Haldimand
Rooms
Basement Finished
Kitchen 6
Interior
Interior Features Separate Hydro Meter
Cooling None
Inclusions Six Fridges, Six Stoves, All Electric Light Fixtures. Industrial Coin Operated Washer and Dryer. Exclude Any Tenants Property.
Exterior
Parking Features None
Pool None
Roof Type Other
Total Parking Spaces 10
Building
Foundation Concrete
Lited by EXP REALTY