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$ 650,000
Est. payment | /mo
9,558 SqFt
$ 650,000
Est. payment | /mo
9,558 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 9,558 sqft
Price per Sqft $68
Subdivision Port Hope
MLS Listing ID X12164057
Building Age 100+
Annual Tax Amount $6,522
Tax Year 2024
Property Sub-Type Investment
Property Description
Fully Vacant fourplex for your personal touch and a great opportunity for cash flow! Unlock the potential of this legal 4-plex, offering over 3,500 sq. ft. (MPAC) of rentable space in a high-demand location. Featuring two spacious two-bedroom units and two one-bedroom units, each self-contained, this property provides immediate income-generating potential. Tenants are vacating and the building could use some renovations, presenting a clear value-add opportunity for savvy investors willing to renovate and maximize returns. Located in historic downtown Port Hope, tenants benefit from walkable access to amenities, shops, cafes, and public transit, including VIA Rail and Highway 401ideal for attracting a broad tenant base. The property includes a rear addition overlooking a peaceful ravine, adding appeal to attract quality tenants. Whether you're expanding your portfolio or seeking a repositioning project, this property's size, location, and configuration make it a rare find. With strong rental demand in one of Ontario's most desirable small towns, this is a smart investment ready for its next chapter. **EXTRAS** With renovations of kitchens, bathrooms and flooring this building has significant potential for high rents and low expenses, an investment with this type of opportunity is a rare find. There is rough-in for laundry in the utility room.
Location
Province ON
County Northumberland
Community Port Hope
Area Northumberland
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 52.18
Lot Depth 95.7
Listed by RE/MAX JAZZ INC.
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