$1,349,999 Sale

Listed 1 day

24 WATER STREET

MLS® x14105346 Multi Family

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Beds · 0

Baths · 0.0

Parking · 10

Sqft · 3923

Est. mortgage

$5,121/mo

Key Facts

Key facts for 24 WATER STREET

Property Type

Apartment

Parking

Garage: No, 10 parking

MLS #

X14105346

Size

3923 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

Excellent investment opportunity, This mostly renovated well-maintained 6 + 1-unit apartment building offers a desirable mix of two bachelor apartments, two one-bedroom apartments and three two-bedroom apartments, providing a diversified rental mix within one property. Five of the 6 + 1 units have b...een renovated, adding to the overall appeal of this established income-producing property. All units are separately metered for both water and hydro, an attractive feature for multi-residential ownership and long-term operating efficiency. The building currently generates approximately $104,263 in gross annual rental income, providing strong existing cash flow with scheduled future rent increases offering additional income potential. Adding to the property's appeal is the potential for future development of an additional multi-unit residential building on the property, creating an opportunity to further increase the number of rental units and overall income potential. Buyer to complete their own due diligence regarding zoning, servicing, development potential, building permits and all required municipal and regulatory approvals. Hastings is situated along the Trent-Severn Waterway, at the meeting of the Trent River and Rice Lake, making the area popular for boating, fishing and outdoor recreation. The community offers local shops, restaurants, parks, trails and essential services, while nearby Campbellford provides additional shopping, healthcare, dining and recreational amenities. With its waterfront setting, relaxed lifestyle and convenient access to surrounding communities, Hastings continues to be an appealing place to live for a wide range of residents. A compelling opportunity combining 6 +1 existing rental units, immediate income, separately metered utilities and future development potential-an excellent addition to a multi-residential investment portfolio. (id:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

3923 sqft

Heating Type

Forced air

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

3923 sqft

Heating Type

Forced air

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Exterior

Acreage

100 x 161 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

R2 AS PER GEO

Acreage

100 x 161 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

R2 AS PER GEO

Building Description

Home Type

Apartment

Subtype

Multi Family

Water Supply

Municipal water

Home Type

Apartment

Subtype

Multi Family

Water Supply

Municipal water

Community

Hastings

Area Code

Trent Hills (Hastings)

Community

Hastings

Area Code

Trent Hills (Hastings)

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Karen E. Willison

Email: kwillison@royallepage.ca Cell: (705) 888-0075