2047 Main Street S, Haldimand, Ontario N0A 1J0 (27884388)

LOADING

10 Bedroom 6 Bathroom 5,000 - 100,000 ft²

Radiant Heat

$1,770,000

**Prime Investment Opportunity 6-Unit Apartment Building in Jarvis!** An outstanding multiplex investment offering stable rental income, with all units currently occupied. This well-maintained property features four spacious two-bedroom units and two one-bedroom units, each separately metered. Recent upgrades enhance long-term value, including a newer pump (2024), windows (2023-2024), boiler & furnace (2018), resurfaced roof (2017), and updated siding (2019). This income-generating property produces a gross total income of $115,360 per year, including rental revenue and coin laundry income ($1,984), with total expenses of $17,820, resulting in a NOI of $97,540 and a strong 5.50% CAP rate. Tenant storage lockers and ample parking add further value. Situated in a growing community, just 35 minutes from HWY 403/Hamilton, this property offers long-term appreciation and the ability to increase rents to market value over time. Don't miss this incredible investment opportunity! (id:54662)

Property Details

MLS® Number	X11959149
Property Type	Multi-family
Community Name	Haldimand
Features	Irregular Lot Size
Parking Space Total	10

Building

Bathroom Total	6
Bedrooms Above Ground	10
Bedrooms Total	10
Amenities	Separate Electricity Meters
Appliances	Dryer, Refrigerator, Stove, Washer
Basement Development	Finished
Basement Type	N/a (finished)
Exterior Finish	Steel
Foundation Type	Concrete
Heating Fuel	Natural Gas
Heating Type	Radiant Heat
Stories Total	2
Size Interior	5,000 - 100,000 Ft²
Type	Other
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	129 Ft ,10 In
Size Frontage	61 Ft ,10 In
Size Irregular	61.9 X 129.9 Ft
Size Total Text	61.9 X 129.9 Ft