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$624,900
Available - For Sale
Listing ID: X8482444
It's A Money Maker! This fully leased 4-plex offers a solid investment opportunity with a 5.5% CAP rate (at current income & expenses) as well as solid tenancies. Over 3,000 square feet above grade, low maintenance and located in a quiet, established South Ingersoll neighborhood. Easy access to the 401 & walking distance to downtown, shopping and schools. TWO 1-Bedroom units upstairs: each has a ground level porch/patio and spacious ground level entries/foyers. You'll find a spacious 2-bedroom main floor apartment at the west end of the building. The 2 bedroom unit has on site parking, a fenced yard, deck and functional laundry/mud room. The main floor 3-bedroom apartment, at the east end of the building, has a rare attached double garage with inside access. This apartment is open and bright, has a dedicated laundry/mud room, it's a deck in in the good sized back yard. Consider owner occupying one unit. No rental equipment, 4 separate hydro meters, and tenants pay their own gas and hydro. Act now to secure this great investment opportunity with positive cash flow. 24-48 hours notice appreciated for showings.
Extras:   From PropertyLine report: 3,004 above grade (main 1,952 sqft and 2nd floor 1,052 sqft).
Price $624,900
Taxes: $5,014.12
Assessment: $335000
Assessment Year: 2024
Address: 131-133 Cherry St , Ingersoll, N5C 1H8, Ontario
Lot Size: 132 x 68 (Feet)
Acreage: < .50
Directions/Cross Streets: From 401, exit north onto Plank Line. Follow Plank Line into Ingersoll. At the 3 way stop, turn righ
Rooms: 4
Bedrooms: 7
Washrooms: 4
Kitchens: 4
Family Room: N
Basement: Full
Unfinished
No. of Pieces Level
Washroom 1 4 Main
Washroom 2 4 2nd
Property Type: Fourplex
Style: 2-Storey
Exterior: Alum Siding
Garage Type: Attached
(Parking/)Drive: Pvt Double
Drive Parking Spaces: 4
Pool: None
Approximatly Age: 100+
Property Features: Golf
Hospital
Library
Park
Place Of Worship
Rec Centre
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: None
Sewers: Sewers
Water: Municipal
Utilities-Cable: A
Utilities-Hydro: Y
Utilities-Gas: Y
Utilities-Telephone: A
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ROYAL LEPAGE TRILAND REALTY

131-133 Cherry St , Ingersoll, N5C 1H8, Ontario

Personal Picture
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 - Fourplex
Area: Oxford
Municipality: Ingersoll
Neighbourhood:
Style: 2-Storey
Lot Size: 132.00 x 68.00(Feet)
Approximate Age: 100+
Tax: $5,014.12
Maintenance Fee: $0
Beds: 7
Baths: 4
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
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Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229


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

 

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