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$650,000
Available - For Sale
Listing ID: X11893746
Unlock the potential of this legal 4-plex, offering over 3,500 sq. ft. (MPAC) of rentable space in a high-demand location. Featuring two spacious two-bedroom units and two one-bedroom units, each self-contained, this property provides immediate income-generating potential. Tenants are vacating and the building could use some renovations, presenting a clear value-add opportunity for savvy investors willing to renovate and maximize returns. Located in historic downtown Port Hope, tenants benefit from walkable access to amenities, shops, cafes, and public transit, including VIA Rail and Highway 401ideal for attracting a broad tenant base. The property includes a rear addition overlooking a peaceful ravine, adding appeal to attract quality tenants. Whether you're expanding your portfolio or seeking a repositioning project, this property's size, location, and configuration make it a rare find. With strong rental demand in one of Ontario's most desirable small towns, this is a smart investment ready for its next chapter. **EXTRAS** With renovations of kitchens, bathrooms and flooring this building has significant potential for high rents and low expenses, an investment with this type of opportunity is a rare find. There is rough-in for laundry in the utility room.
Price $650,000
Taxes: $6,522.17
Tax Type: Annual
Occupancy by: Partial
Address: 221 Walton Stre , Port Hope, L1A 1P1, Northumberland
Postal Code: L1A 1P1
Province/State: Northumberland
Lot Size: 52.18 x 95.7 (Feet)
Directions/Cross Streets: Walton/Pine
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 2 To 5 Units
Building Percentage: T
Total Area: 9,558
Total Area Code:  Sq Ft Divisible
Approximatly Age: 100+
Taxes Expense: $6522
Insurance Expense: $2324
 Management Expense: 6912
Maintenance: 0
 Heat Expenses: $6590
 Hydro Expense:  $505
Water Expense: $2509
Other Expenses: $2000
Gross Income/Sales: $86400
Operating Expenses: $29955
Vacancy Allowance: 3
Net Income Before Debt: $53853
Expenses Actual/Estimated: $Est
Heat Type: Radiant
Central Air Conditioning: No
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX JAZZ INC.

221 Walton Stre , Port Hope, L1A 1P1, Northumberland


 
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At a Glance:
Type: Com - Investment
Area: Northumberland
Municipality: Port Hope
Neighbourhood: Port Hope
Style:
Lot Size: 52.18 x 95.70(Feet)
Approximate Age: 100+
Tax: $6,522.17
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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