This well-maintained 6-unit multiplex building in Norwood presents a high-potential, income-generating investment opportunity. Conveniently located near amenities, schools, and public transportation, the property features a desirable unit mix of four 2-bedroom apartments and two 1-bedroom apartments, all of which are currently rented. Tenants are responsible for their own electric heating, keeping utility expenses low for the owner. The building offers practical amenities, including in-building laundry, four lockers designated for the 2-bedroom units, and in-unit storage for one of the 1-bedroom units. With surface parking available, tenants benefit from 12 dedicated parking spots. Additionally, the property holds strong investment potential, with a preliminary plan in place for constructing another residential building that would mirror the existing structure. Situated in a developing neighborhood, this property offers long-term growth and appreciation potential, further enhancing its value as a strategic real estate investment.
MLS# | X11993786 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | New |
Days On Site | 15 |
Listing Provided By | CENTURY 21 INNOVATIVE REALTY INC. | X11993786 162401 |
SQ Feet | 32,670 |
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Acreage | 0.75 |
Province | ON |
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Region | Peterborough |
City | Hastings |
Postal Code | K0L |
Area | Norwood |
Listing VS Median (In K0L) | |
Price: $1,299,000 low | high Med: $599,000 SqFt: 32,670 low | high Med: 1,200 $ / SqFt: $40 low | high Med: $499 On site: 15 low | high Med: 5.000000 |