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$599,000
Available - For Sale
Listing ID: X12071980
This triplex presents a rare opportunity for savvy investors, developers, or experienced DIY enthusiasts looking to restore a property to its former glory-or better. This building is generally mechanically sound, offering a strong foundation, new windows & roofing and reliable systems, but it is in need of interior updating. If you have the vision and the skills to modernize and refresh, this is your chance to turn a solid structure into a high-performing income property or an exceptional multi-unit home. Situated in a desirable neighborhood, this property is just waiting to be renovated, offering endless potential for those ready to take on a rewarding project poised for future appreciation with the right investment. Two of the three units, each with their own character and charm, require work. However, the generous square footage, spacious layouts, hardwood flooring/trim and favorable zoning make it an ideal candidate for a complete transformation. Significant potential for value-add improvements, including kitchens, bathrooms, and finishes. The third unit is currently rented at market value (plus utilities) and requires little to no work, making it a stable income source while you renovate the other two vacant units. Whether you're looking to upgrade the property for long-term rentals, prepare it for resale, or transform the space into something unique, this triplex offers an excellent canvas to work with. Bring your vision and your hammer-this property needs work-but with the right touches, it could be converted into a profitable rental property or an impressive single-family home. The location is ideal, offering easy downtown access with excellent onsite parking. This triplex is a blank canvas awaiting a visionary buyer who is not afraid to roll up their sleeves and invest sweat equity. Its a rare find that promises a huge upside once renovated-don't miss out on the opportunity to turn this fixer-upper into a shining gem!
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $224,944.4 $449,888.8 $674,833.2 $899,777.6
First Mortgage $4,273,943.6 $4,048,999.2 $3,824,054.8 $3,599,110.4
CMHC/GE $117,533.45 $80,979.98 $66,920.96 $0
Total Financing $4,391,477.05 $4,129,979.18 $3,890,975.76 $3,599,110.4
Monthly P&I $18,808.36 $17,688.38 $16,664.75 $15,414.71
Expenses $0 $0 $0 $0
Total Payment $18,808.36 $17,688.38 $16,664.75 $15,414.71
Income Required $705,313.34 $663,314.27 $624,928.03 $578,051.66

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Coldwell Banker G.R. Paret Realty Limited Brokerage

91 Rolph Stre , Tillsonburg, N4G 3Y2, Oxford

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Triplex
Area: Oxford
Municipality: Tillsonburg
Neighbourhood: Tillsonburg
Style: 2-Storey
Lot Size: x 167.96(Feet)
Approximate Age: 100+
Tax: $4,472
Maintenance Fee: $0
Beds: 6
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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