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$ 399,900
Est. payment | /mo
6 Beds
5 Baths
$ 399,900
Est. payment | /mo
6 Beds
5 Baths
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Ts - Sw
MLS Listing ID T12700192
Style 2-Storey
Bedrooms 6
Annual Tax Amount $5,097
Tax Year 2025
Property Sub-Type Fourplex
Property Description
This legal four-plex is located in a strong, desirable neighborhood extremely close to the newly constructed Francophone Health Centre, making it an ideal long-term investment with stable tenant demand. The property is fully income producing and offers a solid revenue stream with excellent upside. The building consists of four self-contained units with a strong rental mix. The current rental income totals $4,850 per month or $58,200 annually. The main unit at 181 Preston rents for $2,000 per month plus utilities. Unit A at 147 Middleton rents for $850 per month plus utilities. Unit C at 147 Middleton rents for $880 per month with the owner paying hydro. Unit D at 147 Middleton rents for $1,120 per month plus hydro. Operating costs are well managed. Water and sewer are approximately $4,824 annually, property taxes are $5,592 per year, Reliance hot water rental is $759.24 per year, insurance is $2,959.20 annually, and hydro for one unit is approximately $1,260 per year, for total operating expenses of $16,654.44 annually. This produces a net operating income of approximately $41,545.56 per year. Based on an asking price of $399,900, the property delivers an approximate 10.4% cap rate, making this an exceptionally strong cash-flowing investment. This is a rare opportunity to acquire a legal four-plex in a prime location with proven income, excellent tenant demand, and outstanding investment fundamentals. MPAC 324, Total Sq.Footage 2200, Hydro Tenants, Heat $1140 /12mths, Water-Sewer $4356 / year.
Location
Province ON
County Cochrane
Community Ts - Sw
Area Cochrane
Zoning NA-R3
Rooms
Family Room No
Basement Finished
Kitchen 4
Interior
Interior Features None
Cooling Central Air
Fireplaces Type Natural Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 52.89
Lot Depth 80.87
Total Parking Spaces 6
Building
Foundation Concrete
Others
Senior Community No
ParcelsYN No
Listed by REALTY NETWORKS INC.
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