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For Sale - 1144 North Street, Dresden, Ontario

Est payment $4,091/mo
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Time on Jump  4 day

AI Summary *

  • Well-maintained, one-floor building with seven rental units on a large lot.
  • Fully rented units with month-to-month tenants offering steady income.
  • Separate utilities for all units, reducing management responsibilities.
  • Ample parking available for both residents and visitors.
  • Potential for future development on the spacious 1.87-acre property.




Attention investors. One floor purpose built 7 unit building in excellent condition on a 1. 87 acre premium lot with potential for further future development on the property. There are 5 - 2 bedroom units and 2 - 3 bed units. Fully rented (some long term tenants). All tenants on month-to-month tenancy. Tenants pay hydro & heat.(all units separately metered). No fridges or stoves included with rent. There is a common laundry area with one coin operated washer and dryer. Each unit has 2 parking spaces with ample visitor parking available. Roof approx. 8 years, all windows replaced & most front and rear doors replaced. All concrete walkways replaced. Many improvements in each unit. Total annual gross income: 59,685. 36. Annual building insurance: 7,811. Annual taxes: 12,684. 57. Total annual expenses: 25,895. 57. Utilities: 5,400. (water, sewage & common area hydro) net income: 33,789. 79
Listing ID25003099
Address1144 North Street
CityDresden, Ontario
Price$799,900
ConstructionBrick
FlooringCarpeted, Cushion or Lino or Vinyl
TypeMulti-Family
StatusFor Sale

Subtype 5 - 8 UnitAcreage 1.870Inclusions 1 coin washing machine, 1 coin dryer (both approx. 4 years old)Ownership FreeholdBuilding Amenities Laundry Facility, Shopping AreaFoundation BlockHeating / Cooling Radiant HeatHeating Fuel ElectricHot Water Tank ElectricUtility Water Municipal WaterSewer Sanitary

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JUMP FEATURED AGENT

Karla Palumbo

Karla Palumbo

Realtor®

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Listing Agency:  ROYAL LEPAGE PEIFER REALTY Brokerage
Co-Listing Agency:  Century 21 First Canadian Corp. (LSTAR)
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1144 North Street
Dresden , Ontario
$799,900
Get more info