Here's an opportunity that makes home ownership-and real estate investing-much easier to step into. This immaculate 4-plex offers three 2-bedroom apartments and one 1-bedroom apartment, with an unusually attractive advantage: at closing, two of the 2-bedroom units and the 1-bedroom unit will be vacant. Choose the apartment that works best for you, then select your own tenants for the remaining vacant units-or lease all three and build your investment from day one. The fourth apartment is occupied by a wonderful long-term tenant, providing established rental income from the start. The property has been exceptionally well maintained and offers bright, comfortable living spaces with practical layouts. Outside, you'll find ample parking, a detached single-car garage, additional storage space behind the garage, and useful outdoor areas for tenants. For an owner-occupant, this is a compelling way to get into home ownership while having rental income help carry the property. For an investor, the combination of existing cash flow and three vacant units provides valuable flexibility and control over future tenancy. Even the street has had a refresh, with updated municipal infrastructure and newly paved roadway.Clean, flexible, income-producing and ready for its next owner-332 Catherine St. is the kind of multi-unit opportunity that's increasingly difficult to find. (id:28469)
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Facts & features
Property
MLS® Number
X13750928
Property Type
Multi-family
Community Name
612 - Hawkesbury
Amenities Near By
Hospital, Park, Schools
Community Features
Community Centre
Features
Flat Site, Carpet Free, Gazebo
Parking Space Total
7
Structure
Porch, Shed, Workshop
View Type
City View
Building
Bathroom Total
4
Bedrooms Above Ground
7
Bedrooms Total
7
Age
51 To 99 Years
Appliances
Water Heater, Water Meter, Dishwasher, Dryer, Stove, Washer, Refrigerator
Basement Development
Unfinished
Basement Type
Crawl Space, None, N/a (unfinished)
Cooling Type
None
Exterior Finish
Vinyl Siding
Foundation Type
Poured Concrete
Heating Fuel
Natural Gas
Heating Type
Baseboard Heaters, Forced Air
Stories Total
2
Size Interior
3,000 - 3,500 Sqft
Type
Fourplex
Utility Water
Municipal Water
Parking
Detached Garage
—
Garage
—
Land
Acreage
No
Fence Type
Partially Fenced, Fenced Yard
Land Amenities
Hospital, Park, Schools
Landscape Features
Landscaped
Sewer
Sanitary Sewer
Size Depth
157 Ft ,2 In
Size Frontage
49 Ft ,7 In
Size Irregular
49.6 X 157.2 Ft
Size Total Text
49.6 X 157.2 Ft
Zoning Description
R2
Utilities
Cable
Available
Electricity
Installed
Sewer
Installed
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
$3,494/mo
Ontario land transfer tax
$12,255 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.