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

LOADING

10 Bedroom 6 Bathroom 3,500 - 5,000 ft²

Radiant Heat

$1,399,000

Prime Investment Opportunity Purpose-Built 6-Unit Apartment Building in Jarvis! An excellent multiplex investment offering steady rental income, with all six units currently tenanted. This well-maintained brick and concrete building with metal siding features four spacious two-bedroom units and two one-bedroom units, each separately hydro metered. The building has benefited from a series of updates over time, including improvements to the mechanical systems, windows, roofing, and exterior. These upgrades support long-term value and reduced maintenance needs. With a gross annual income of $115,880 and total expenses of $20,029, the property offers a strong 6.9% CAP rate. Additional features include ample parking and dedicated tenant storage lockers. Located in a growing community just 35 minutes from HWY 403/Hamilton, this property offers excellent long-term appreciation potential, along with the opportunity to bring rents in line with market value over time. (id:59911)

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, Stove, Washer, Refrigerator
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	3,500 - 5,000 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