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$2,100,000
Available - For Sale
Listing ID: X10744836
ATTENTION INVESTORS: Fourteen (14) plex income property, intelligently designed for quality tenants; retirees, families & seniors. This building consists of Seven (7) 2 bdrm., 1 bath units & Seven (7) 1bdrm, 1 bath units. Prime location & modern construction will enhance tenant retention and your ability to maximize rents. Turn-key operation with the unique benefits of getting top dollar market rents, with quality tenants paying separate utilities. Many long term tenants. Low maintenance concerns for years to come. Desirable Hamlet has Grocery/Convenience stores, restaurant & LCBO within a few blocks. Ample parking for at least 20 cars and property fronts on three streets. Easily Rented Building has maintained good reputation with tenants and landlord. Fire Inspections completed yearly & water inspection is up to date. Security entrances. Upgrades Include - New Membrane Roof 2015. Fire Extinguishers in excess of minimum standard. Smoke Detectors replaced - 14 Heat Sensors added (1 per unit) so that each unit now has a smoke detector and a heat sensor - Water Maintained by landlord, regularly treated and inspected. Tenants pay Hydro & Heat. Landlord supplies hot water. Coin Laundry each level. See how this turn-key multi unit apartment building can anchor your portfolio with quality tenants & good cash flow.
Price $2,100,000
Taxes: $17,994.72
Assessment: $777500
Assessment Year: 2022
Occupancy by: Tenant
Address: 52 QUEEN St , Norfolk, N0E 1G0, Ontario
Postal Code: N0E 1G0
Province/State: Ontario
Legal Description: Plan # 269, Lot # 3, Part of Lots # 13-1
Lot Size: 134 x 115 (Acres)
Directions/Cross Streets: Located in the heart of Downtown Langton, just North of the Main intersection on the corner Queen St
Zoning: RH
Building Percentage: Y
Total Area: 12,000
Total Area Code:  Sq Ft
Approximatly Age: 51-99
Insurance Expense: $6307
Maintenance: 7,880
Expenses Actual/Estimated: $Est
Heat Type: Baseboard
Central Air Conditioning: Y
Sewers: Septic
Water: Well
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Coldwell Banker G.R. Paret Realty Limited Brokerage

52 QUEEN St , Norfolk, N0E 1G0, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Norfolk
Municipality: Norfolk
Neighbourhood: Langton
Style:
Lot Size: 134.00 x 115.00(Acres)
Approximate Age: 51-99
Tax: $17,994.72
Maintenance Fee: $7,880
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