For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 6,400 sqft
Price per Sqft $250
MLS Listing ID 40371830
Bedrooms 16
Year Built 1988
Annual Tax Amount $9,331
Lot Size 0.270 Acres
Property Description
Excellent Investment Opportunity! Two purpose built 4-plexs on one in town lot for a total of 8 units, 16 bedrooms, 8 bathrooms in very well maintained buildings near the town centre. Each 800 sq. ft. unit has 2 bedrooms, 1 bathroom in a well laid-out design with Landlord provided Fridge and Stove, 5 units have in suite Washer & Dryer, 3 units have Dehumidifier and one assigned parking space per unit with 2 guest parking spaces. The location is one block to the Muskoka River and 2 blocks from historic downtown Huntsville with shopping, Algonquin Theatre, restaurants, parks and a grocery store within steps. The buildings are in excellent condition have stable tenants with low turnover in an area with high demand for quality rental units like this one. The Tenants pay Hydro & Heat and the Landlord pays for water, R.E. taxes, building insurance and outdoor maintenance netting an excellent cash flow.
Location
Province ON
County Muskoka
Area Huntsville
Zoning R1
Rooms
Kitchen 0
Interior
Heating Baseboard, Electric
Cooling Window Unit(s)
Laundry In-Suite
Exterior
Exterior Feature Landscaped, Year Round Living
Garage Assigned
Pool None
Utilities Available Cable Available, Cell Service, Electricity Connected, Fibre Optics, Garbage/Sanitary Collection, High Speed Internet Avail, Recycling Pickup, Street Lights, Phone Available
Waterfront No
View Y/N true
View Downtown
Roof Type Asphalt Shing
Building
Lot Description Urban, Ample Parking, City Lot, Landscaped, Library, Park, Place of Worship, Public Parking, School Bus Route, Schools, Shopping Nearby, Trails
Story 2
Foundation Wood
Sewer Sewer (Municipal)
Water Municipal
Structure Type Vinyl Siding, Wood Siding
New Construction No
Schools
Elementary Schools Huntsville P.S
High Schools Huntsville High School
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Get More Information