Description
Discover an exceptional investment opportunity in the charming community of Cannington. This well-maintained four-plex offers the perfect blend of immediate cash flow and future upside potential, featuring four bright and spacious 2-bedroom apartments, all occupied by reliable long-term tenants. Ideally situated on full municipal services and directly across from a beautiful nature trail, this property offers tenants a peaceful setting with the convenience of town living. Valuable features including four separate hydro meters, four water heaters, and four private garden sheds for added tenant convenience. A turnkey investment with all four units fully rented, currently generating $3010.00 per month in rental income. Tenants pay their own utilities, with only one unit including water costs, helping keep operating expenses manageable. With cosmetic updates or renovations, there is excellent potential to significantly increase rental income and maximize returns over time. Whether you're looking to expand your portfolio or secure a solid income-producing property with future growth potential, this four-plex presents an outstanding opportunity in a welcoming small-town setting.
Details
| MLS # | N13445662 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 70 |
| Listing Provided By | REALTY ONE GROUP REVEAL | N13445662 436600 |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.17 |
Interior
| Interior Features | Separate Heating Controls |
|---|---|
| Cooling | None |
| Heat Source | Electric |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Unknown |
| Construction Materials | Vinyl Siding |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 4408.45 |
|---|---|
| Tax Legal Description | PT LT 3 PL 28 (AKA LAIDLAW'S ADDITIONAL PL) N OF SHEDDEN ST AS IN D522276 TOWNSHIP OF BROCK |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Durham |
| City | Brock |
| Postal Code | L0E 1E0 |
| Area | Cannington |
| Listing VS Median (in L0E 1E0) | |
Price: $799,900 low | high Med: $587,000 On site: 70 low | high Med: 64.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Durham |
| City | Brock |
| Postal Code | L0E 1E0 |
| Area | Cannington |
| Listing VS Median (in L0E 1E0) | |
Price: $799,900 low | high Med: $587,000 On site: 70 low | high Med: 64.5 | |
