$ 1,535,000
195-197 Walton ST Port Hope, ON L1A 1N7
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$ 1,535,000
Est. payment | /mo
24,641 SqFt
$ 1,535,000
Est. payment | /mo
24,641 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 24,641 sqft
Price per Sqft $62
MLS Listing ID X9256092
Annual Tax Amount $12,801
Tax Year 2024
Property Description
An exceptional opportunity to acquire a turn-key investment property in the thriving community of Port Hope. This multi-residential building boasts seven units, six of which have been completely renovated with modern finishes, attracting quality tenants. All tenants pay their own hydro, reducing landlord expenses. With Port Hope's consistently low vacancy rate, this property offers excellent income stability and growth potential. Strategically located, this property is perfectly positioned to capitalize on Port Hope's growing demand for rental housing. Whether you're a seasoned investor or looking to expand your portfolio, this property is a must-see for anyone seeking a strong return on investment in a robust rental market. Don't miss out on this rare opportunity to secure ahigh-performing asset in this desirable markets. There is further upside to be realized when tenants turn over or by separating heat and water expenses to future tenants.
Location
Province ON
County Northumberland
Zoning R2
Interior
Cooling No
Inclusions 7 stoves, 7 refrigerators
Exterior
Utilities Available Available
Parking Type None
Listed by RE/MAX JAZZ INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "