Welcome to 52 Elm Street! This fully occupied fourplex is nestled in the sought-after village of Ingleside a location where opportunities like this don't come along often. Situated beside a park, close to local amenities, and just a short walk to the St. Lawrence River, its an ideal setting for tenants.Each of the four units are currently rented:Unit 1(1 bed+1 den): $810.07/month (hydro included) Unit 2(1 Bedroom): $915.32/month (+ utilities) Unit 3(1 Bedroom): $908.78/month (+ utilities) Unit 4(1 Bedroom): $888.42/month (+ utilities). The property generates a gross annual income of $42,271.08 through the rent roll, with additional revenue from a coin-operated washer and dryer accessible to all tenants.If you're ready to expand your investment portfolio in a prime location, this is a property you'll want to see. All offers to include a 24-hour irrevocable clause.ocation where opportunities like this don't come along often. Situated beside a park, close to local amenities, and just a short walk to the St. Lawrence River, its an ideal setting for tenants.Each of the four 1-bedroom units is currently rented:Unit 1: $810.07/month (hydro included) Unit 2: $915.32/month (+ utilities) Unit 3: $908.78/month (+ utilities) Unit 4: $888.42/month (+ utilities). The property generates a gross annual income of $42,271.08 through the rent roll, with additional revenue from a coin-operated washer and dryer accessible to all tenants.If you're ready to expand your investment portfolio in a prime location, this is a property you'll want to see. All offers to include a 48-hour irrevocable clause. (id:28469)
Facts & features
Property
MLS® Number
X13844838
Property Type
Multi-family
Community Name
713 - Ingleside
Parking Space Total
5
Building
Bathroom Total
4
Bedrooms Above Ground
4
Bedrooms Total
4
Basement Development
Unfinished
Basement Type
N/a (unfinished)
Cooling Type
Window Air Conditioner
Exterior Finish
Vinyl Siding
Foundation Type
Block
Heating Fuel
Electric
Heating Type
Baseboard Heaters
Stories Total
2
Size Interior
2,000 - 2,500 Sqft
Type
Fourplex
Utility Water
Municipal Water
Parking
No Garage
—
Land
Acreage
No
Sewer
Sanitary Sewer
Size Depth
150 Ft
Size Frontage
75 Ft
Size Irregular
75 X 150 Ft
Size Total Text
75 X 150 Ft
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$1,771/mo
Ontario land transfer tax
$4,474 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.