20 Main St W
$950,000
$950,000
MLS®#:
X11899765
Property Type:
Investment
Property Style:
Area:
Leeds & Grenville
Community:
811 - Elizabethtown Kitley (Old Kitley) Twp
Taxes:
$1,890 / 2024
Added:
Lot Frontage:
0.00
Lot Depth:
0.00
Status:
Active
Outside:
Year Built:
Brokerage:
EXP REALTY
Intersection:
Main St W / Pearl St
Rooms:
Bedrooms:
Bathrooms:
Fireplace:
Utilities
Water:
Well
Cooling:
N
Heating Type:
Baseboard
Heating Fuel:

Listing Details

Exceptional Fourplex Investment Opportunity with a Strong 7% Cap Rate at Entry!Located just outside of Brockville, this recently renovated 4-unit property presents an excellent investment opportunity. Two units are currently leased at market rent, while the other two are vacant and ready for immediate leasing. The unit mix includes two spacious three-bedroom units and two large two-bedroom units, split between upper and lower levels.Each unit has been thoughtfully renovated, featuring new flooring, modern kitchens, updated bathrooms, and fresh touch-ups throughout. Significant capital improvements have been made, including brand-new windows, upgraded baseboard electric heating systems, and new siding being installed on the rear of the building this spring. Additionally, two decks and fire escapes have been replaced, and the property boasts a durable 10-year-old metal roof.With an estimated 6-7% cash-on-cash return in the first year, this property offers a fantastic opportunity for both owner-operators looking to reduce living costs and investors seeking a turnkey rental operation. Dont miss out on this prime investment opportunity!

Insights

  1. Strong Cap Rate: This property offers a robust 7% cap rate at entry, indicating a solid return on investment potential for buyers.
  2. Recent Renovations: The fourplex has been recently renovated with modern kitchens, updated bathrooms, and new flooring, making it attractive to potential tenants and reducing immediate maintenance costs.
  3. Turnkey Investment: With two units already leased at market rent and two vacant units ready for immediate leasing, this property is ideal for investors seeking a hassle-free rental operation.

Neighbourhood

Schools, amenities, travel times, and market trends near 20 Main St W
Schools

3 public & 3 Catholic schools serve this home. Of these, 6 have catchments. There is 1 private school nearby.

Parks & Rec

3 golf courses, 1 driving range and 2 other facilities are found in major parks near this home.

Transit

Rail transit stop less than 8 km away.

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811 - Elizabethtown Kitley (Old Kitley) Twp home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in 811 - Elizabethtown Kitley (Old Kitley) Twp
100%
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)