38 Victoria St , Norwood, ON K0L
Norwood, ON K0L
Description
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.
Details
| MLS# | X11993746 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 19 |
| Listing Provided By | CENTURY 21 INNOVATIVE REALTY INC. | X11993746 162401 |
Features
| SQ Feet | 49,658 |
|---|---|
| Acreage | 1.14 |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| Region | Peterborough |
| City | Norwood |
| Postal Code | K0L |
| Area | Norwood |
| Listing VS Median (In K0L) | |
Price: $1,299,000 low | high Med: $301,500 SqFt: 49,658 low | high Med: 2,250 $ / SqFt: $26 low | high Med: $250 On site: 19 low | high Med: 29.000000 | |