87 W North Town Line
Ingersoll - North Ingersoll N5C 2S6

$900,000
Residential Income beds: 6 baths: 0.0 built: 1945

Main Photo: 87 W North Town Line in Ingersoll: Ingersoll - North Multi-5 Unit for sale : MLS®# 40612306
Photo 1: 87 W North Town Line in Ingersoll: Ingersoll - North Multi-5 Unit for sale : MLS®# 40612306
Photo 2: 87 W North Town Line in Ingersoll: Ingersoll - North Multi-5 Unit for sale : MLS®# 40612306
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
40612306
Bedrooms:
6
Year Built:
1945
** Rare Investment Opportunity!** We are excited to present this unique Real Estate investment opportunity comprising 5 units - a duplex and a triplex. This property boasts an exceptional investor return with a 6.11 cap rate. Detailed financial numbers and a spreadsheet are available for review. Located in a quiet and mature area, the property features a large lot measuring 86' x 252', providing plenty of space for outdoor activities. There is ample parking with 2 driveways, and one tenant looks after maintaining the grass cutting and snow removal. The property has been maintained, with newer wiring, plumbing, roof, siding, and interiors updated in 2017. Each unit has separate entrances and is separately metered (except for water in the back 3 units). Additionally, the property comes with 5 fridges and 5 stoves. Come and view this investment!
Property Type:
Residential Income
Property SubType:
Multi-5 Unit
Year built:
1945 (Age: 79)
Listing General Location:
Ingersoll - North, Ingersoll
Bedrooms:
6
Bathrooms:
0.0 (Full:-/Half:-)
Lot Details:
252 x 86.38
Lot Depth:
252'
Lot Frontage:
86'4½"
Frontage Type:
South
Kitchens:
0
Elementary School:
Ingersoll Collegiate Hs
County Or Parish:
Oxford
Features:
Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
Construction:
Aluminum Siding
Basement:
None
Foundation:
Stone
Roof:
Shingle
Number of Storeys:
2
Number of Buildings:
0
Other Structures:
Shed(s)
Total Floor Area:
800 sq. ft.
Finished Area Above Grade:
800 sq. ft.
Fireplace:
false
Laundry Features:
In-Suite
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
Wall Unit(s)
Heating:
Wall Furnace
Age Electric:
2016
Age Plumbing:
2016
None
Tenant Belongings
None
Patio
false
No
NORTH ON THAMES ST - TURN LEFT
None
No
HST Applicable To Sale Price:
Yes
Features:
Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
Insurance Expense:
$2,600
Expenses:
Actual
Net Income:
$55,222
Lease to Own Equipment:
None
Under Contract Costs Monthly:
$30.00
Zoning:
R1
Accessibility:
Parking
Lot Site Features:
Park, Playground Nearby, Schools
Features:
Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
Parking:
Gravel, Mutual/Shared
# Of Total Parking Spaces:
5.0
# Of Open Parking Spaces:
5.0
Driveway Parking:
Outside/Surface/Open
Road Frontage Type:
Public Road
Licensed Dwelling:
No
Num Apartment Units:
0
Num Bachelor Units:
0
Num Efficiency Units:
0
Num Loft Units:
0
Num Other Units:
0
Num Penthouse Units:
0
Num Studio Units:
0
Num Occupied Units:
5
Listed Date:
Jul 03, 2024
  • Photo 1: 87 W North Town Line in Ingersoll: Ingersoll - North Multi-5 Unit for sale : MLS®# 40612306
    Photo 1 of 2
  • Photo 2: 87 W North Town Line in Ingersoll: Ingersoll - North Multi-5 Unit for sale : MLS®# 40612306
    Photo 2 of 2
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Listed by KELLER WILLIAMS INNOVATION REALTY
Data was last updated October 18, 2024 at 07:50 AM (UTC)
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