Incredible investment opportunity! Over 7% cap rate! Located in the quaint town of Freelton, right across from a municipal park. Get your hands on this 1/2 property with 2 residential buildings on it. The upper building consists of four two-bedroom apartments with forced air heating and air conditioning. The lower building consists of two two-bedroom apartments and two one-bedroom apartments with forced air heating. A large garage/shop approximately 1,400 square feet can provide additional revenue or keep as personal storage for your toys. Additional income/offset with solar panel contract. Tenant parking for over ten cars. Onsite coin operated laundry. Literally an investors dream property. Nothing to do but collect the rent! Great tenants! Amazing location just 14 minutes to downtown Waterdown, 8 minutes to the 401, and 25 minutes to Cambridge. Gems like these don’t come around often. Don’t be TOO LATE*! *REG TM. RSA. (id:61594)
| MLS® Number | 40834250 |
| Property Type | Multi-family |
| Amenities Near By | Golf Nearby, Park, Place Of Worship, Playground, Schools |
| Community Features | Quiet Area, School Bus |
| Equipment Type | Water Heater |
| Features | Laundry- Coin Operated |
| Parking Space Total | 9 |
| Rental Equipment Type | Water Heater |
| Bathroom Total | 4 |
| Bedrooms Total | 8 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Construction Material | Concrete Block, Concrete Walls |
| Cooling Type | Central Air Conditioning, Wall Unit |
| Exterior Finish | Concrete, Vinyl Siding, Shingles |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 6,316 Ft2 |
| Utility Water | Municipal Water |
| Attached Garage | |
| Open |
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Golf Nearby, Park, Place Of Worship, Playground, Schools |
| Sewer | Septic System |
| Size Depth | 252 Ft |
| Size Frontage | 66 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | S2 |
https://www.realtor.ca/real-estate/29817253/154-156-freelton-road-freelton
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