Fully tenanted four-unit property offering strong income potential within walking distance of the post office, local shops and the waterfront Cardinal Legion. Units 1 and 2 each feature two bedrooms and one bathroom, while Units 3 and 4 each offer one bedroom and one bathroom. Each unit has separately metered hydro, in-unit laundry and its own fenced backyard, providing tenants with added convenience and privacy. An on-site shed provides dedicated storage space for each unit, and there is ample parking for residents. With a practical layout, strong rental demand and a cap rate of over 9%, this property is an excellent opportunity for investors looking to expand their portfolio. 24-hour irrevocable period is required on all offers. Minimum of 24 hours' notice is required for all showings. (id:28469)
Facts & features
Property
MLS® Number
X13770134
Property Type
Multi-family
Community Name
806 - Town of Cardinal
Features
Irregular Lot Size
Parking Space Total
6
Building
Bathroom Total
4
Bedrooms Above Ground
6
Bedrooms Total
6
Amenities
Separate Electricity Meters
Appliances
Stove, Refrigerator
Architectural Style
Bungalow
Basement Type
None
Cooling Type
None
Exterior Finish
Vinyl Siding
Foundation Type
Slab
Heating Fuel
Electric
Heating Type
Baseboard Heaters
Stories Total
1
Size Interior
3,000 - 3,500 Sqft
Type
Fourplex
Utility Water
Municipal Water
Parking
No Garage
—
Land
Acreage
No
Size Depth
113 Ft
Size Frontage
105 Ft
Size Irregular
105 X 113 Ft
Size Total Text
105 X 113 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
$2,656/mo
Ontario land transfer tax
$8,473 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.