$2,100,000
Available - For Sale
Listing ID: X10744836
52 QUEEN St , Norfolk, N0E 1G0, Ontario
| ATTENTION INVESTORS: Fourteen (14) plex income property, intelligently designed for quality tenants; retirees, families & seniors. This building consists of Seven (7) 2 bdrm., 1 bath units & Seven (7) 1bdrm, 1 bath units. Prime location & modern construction will enhance tenant retention and your ability to maximize rents. Turn-key operation with the unique benefits of getting top dollar market rents, with quality tenants paying separate utilities. Many long term tenants. Low maintenance concerns for years to come. Desirable Hamlet has Grocery/Convenience stores, restaurant & LCBO within a few blocks. Ample parking for at least 20 cars and property fronts on three streets. Easily Rented Building has maintained good reputation with tenants and landlord. Fire Inspections completed yearly & water inspection is up to date. Security entrances. Upgrades Include - New Membrane Roof 2015. Fire Extinguishers in excess of minimum standard. Smoke Detectors replaced - 14 Heat Sensors added (1 per unit) so that each unit now has a smoke detector and a heat sensor - Water Maintained by landlord, regularly treated and inspected. Tenants pay Hydro & Heat. Landlord supplies hot water. Coin Laundry each level. See how this turn-key multi unit apartment building can anchor your portfolio with quality tenants & good cash flow. |
| Price | $2,100,000 |
| Taxes: | $17994.72 |
| Assessment: | $777500 |
| Assessment Year: | 2022 |
| Occupancy: | Tenant |
| Address: | 52 QUEEN St , Norfolk, N0E 1G0, Ontario |
| Postal Code: | N0E 1G0 |
| Province/State: | Ontario |
| Legal Description: | Plan # 269, Lot # 3, Part of Lots # 13-1 |
| Lot Size: | 134.00 x 115.00 (Acres) |
| Directions/Cross Streets: | Located in the heart of Downtown Langton, just North of the Main intersection on the corner Queen St |
| Building Percentage: | Y |
| Total Area: | 12000.00 |
| Total Area Code: | Sq Ft |
| Approximatly Age: | 51-99 |
| Insurance Expense: | $6307 |
| Expenses Actual/Estimated: | $Est |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Y |
| Sewers: | Septic |
| Water: | Well |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| Coldwell Banker G.R. Paret Realty Limited Brokerage |
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At a Glance:
| Type: | Com - Investment |
| Area: | Norfolk |
| Municipality: | Norfolk |
| Neighbourhood: | Langton |
| Lot Size: | 134.00 x 115.00(Acres) |
| Approximate Age: | 51-99 |
| Tax: | $17,994.72 |
| Maintenance Fee: | $7,880 |
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