Cap rate of 4%! Great investment opportunity in the beautiful and growing town of Listowel! New in 2019, 4-plex in quiet residential neighbourhood, with easy access to Hwy 86. AAA+++ TENANTS! 4 lovely separate units - 2 upper 3 bedroom 2 bath units, 2 lower 1 bedroom 1 bath units. Newer appliances: refrigerator, stove, over-stove microwave, dishwasher with in-suite laundry in all units! All on its own separate services. Tenants pay all utilities except water. 3 bedroom units are 1440 sqft. 1 bedroom units are 750 sqft. Don't miss out on this turn key investment property. Gross income $56,880/year! (id:20587)
| MLS® Number | 40115893 |
| Property Type | Multi-family |
| AmenitiesNearBy | Golf Nearby, Park, Place Of Worship, Schools, Shopping |
| CommunityFeatures | Quiet Area, Community Centre |
| EquipmentType | None |
| Features | Park/reserve, Golf Course/parkland |
| RentalEquipmentType | None |
| BathroomTotal | 6 |
| BedroomsTotal | 8 |
| Appliances | Microwave Built-in |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Aluminum Siding, Brick |
| FireProtection | Smoke Detectors |
| FoundationType | Poured Concrete |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 2880 |
| Type | Fourplex |
| UtilityWater | Municipal Water |
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Golf Nearby, Park, Place Of Worship, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 123 Ft |
| SizeFrontage | 65 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Res |
https://www.realtor.ca/real-estate/23230640/550-wallace-avenue-s-listowel
Contact us for more information
Heather Reich
Salesperson
Jason O'keefe
Salesperson
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