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$1,535,000
Available - For Sale
Listing ID: X9256092
An exceptional opportunity to acquire a turn-key investment property in the thriving community of Port Hope. This multi-residential building boasts seven units, six of which have been completely renovated with modern finishes, attracting quality tenants. All tenants pay their own hydro, reducing landlord expenses. With Port Hope's consistently low vacancy rate, this property offers excellent income stability and growth potential. Strategically located, this property is perfectly positioned to capitalize on Port Hope's growing demand for rental housing. Whether you're a seasoned investor or looking to expand your portfolio, this property is a must-see for anyone seeking a strong return on investment in a robust rental market. Don't miss out on this rare opportunity to secure ahigh-performing asset in this desirable markets. There is further upside to be realized when tenants turn over or by separating heat and water expenses to future tenants.
Price $1,535,000
Taxes: $12,801.65
Tax Type: Annual
Occupancy by: Tenant
Address: 195-197 Walton St , Port Hope, L1A 1N7, Ontario
Postal Code: L1A 1N7
Province/State: Ontario
Lot Size: 62.8 x 392.37 (Feet)
Directions/Cross Streets: Walton/Pine
Zoning: R2
Category: Apartment
Use: Apts-6 To 12 Units
Building Percentage: Y
Total Area: 24,641.09
Total Area Code:  Sq Ft
Financial Statement: N
Insurance Expense: $4132
 Management Expense: 8750
Maintenance: 3,750
 Heat Expenses: $4901
 Hydro Expense:  $612
Water Expense: $3504
Gross Income/Sales: $129802
Operating Expenses: $40451
Vacancy Allowance: 2
Net Income Before Debt: $86851
Year Expenses: 2023
Expenses Actual/Estimated: $Est
Heat Type: Gas Forced Air Open
Central Air Conditioning: N
Sewers: Sanitary
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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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.

195-197 Walton St , Port Hope, L1A 1N7, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Northumberland
Municipality: Port Hope
Neighbourhood: Port Hope
Style:
Lot Size: 62.80 x 392.37(Feet)
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Tax: $12,801.65
Maintenance Fee: $3,750
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