For Sale Multi-Family
MLS® X13547724

550-552 Mario Street

$594,900
Hawkesbury, Ontario K6A 3V3
8 Bedrooms
4 Bathrooms
1,500 - 2,000 sqft Interior
4 Parking spaces
79.7 X 83.7 Ft Lot size
Raised Bungalow Fireplace None Baseboard Heaters, Other

About this home

Excellent investment opportunity! This legal fourplex, built in 2001, offers strong, reliable income with a current gross annual rental income of $45,636. The property features four self-contained units and is fully tenanted, making it an ideal turnkey addition to any investment portfolio. Tenants pay their own gas and hydro, helping to keep operating costs low. The roof was replaced in June 2022, providing added peace of mind for years to come. Situated in a desirable location, this well-maintained income property offers stable cash flow today with additional upside, as all rents are eligible for a legal increase as early as November 1, 2026. There may also be potential to divide the building into two duplexes (similar to neighbouring properties), with buyers encouraged to verify this possibility with the municipality. Whether you're looking to expand your investment portfolio or purchase your first multi-unit property, this legal fourplex presents an outstanding opportunity. 24 hours' notice is required for all showings. (id:28469)

Facts & features

Property

MLS® Number
X13547724
Property Type
Multi-family
Community Name
612 - Hawkesbury
Parking Space Total
4

Building

Bathroom Total
4
Bedrooms Above Ground
4
Bedrooms Below Ground
4
Bedrooms Total
8
Architectural Style
Raised Bungalow
Basement Development
Finished
Basement Features
Separate Entrance
Basement Type
Full, N/a, N/a (finished)
Cooling Type
None
Exterior Finish
Brick, Vinyl Siding
Fireplace Present
Yes
Fireplace Total
4
Foundation Type
Poured Concrete
Heating Fuel
Electric, Natural Gas
Heating Type
Baseboard Heaters, Other
Stories Total
1
Size Interior
1,500 - 2,000 Sqft
Type
Fourplex
Utility Water
Municipal Water

Parking

No Garage

Land

Acreage
No
Sewer
Sanitary Sewer
Size Depth
83 Ft ,8 In
Size Frontage
79 Ft ,8 In
Size Irregular
79.7 X 83.7 Ft
Size Total Text
79.7 X 83.7 Ft

Monthly payment estimate

$
Estimated payment per month
Mortgage amount
Total interest

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Location

550-552 Mario Street, Hawkesbury, Ontario K6A 3V3  ·  Get directions