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From Our Gallery
Description
Discover an exceptional investment opportunity in the charming community of Cannington. This well-maintained four-plex offers the perfect blend of immediate cash flow and future upside potential, featuring four bright and spacious 2-bedroom apartments, all occupied by reliable long-term tenants. Ideally situated on full municipal services and directly across from a beautiful nature trail, this property offers tenants a peaceful setting with the convenience of town living. Pride of ownership is evident throughout, with valuable features including four separate hydro meters, four water heaters, and four private garden sheds for added tenant convenience. A turnkey investment with all four units fully rented, currently generating $3010.00 per month in rental income. Tenants pay their own utilities, with only one unit including water costs, helping keep operating expenses manageable. With cosmetic updates or renovations, there is excellent potential to significantly increase rental income and maximize returns over time. Whether you're looking to expand your portfolio or secure a solid income-producing property with future growth potential, this four-plex presents an outstanding opportunity in a welcoming small-town setting.
Location Description
Concession Rd 11 / Sideroad 18
Property Detail
- Community: Cannington
- Property Type: Tenant/Residential Freehold
- Bedrooms: 8
- Bath: 4
- Garages: None
- Annual Property Taxes : $ 4408.45
- sqft
Facts and Features
- Foundation Type: Unknown
- Counstruction Material : Vinyl Siding
- Total Parking Space : 10
- Parking Type : None
Amenities
Listing Contracted With: REALTY ONE GROUP REVEAL