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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Rural Middleton
MLS Listing ID X12449811
Annual Tax Amount $10,772
Tax Year 2024
Property Sub-Type Investment
Property Description
Beautifully maintained 7-unit multifamily property offering stable income with room to grow. The building features a desirable unit mix of 1 three-bedroom, 1 two-bedroom, 2 one-bedroom, and 3 bachelor apartments, with several units updated between tenancies. Two units are currently vacant, providing immediate opportunity for new leasing or flexible use.Ample on-site parking and a 2,400 sq.ft. insulated and heated detached garage/shop with plumbing add to the versatility of the property. The shop is currently owner-occupied but may be leaseable for hobby, storage, or small business purposes.Situated on a 1.09-acre CH-zoned corner lot with dual road access, the property offers future-use versatility and long-term potential. Conveniently located along Highway 3 between Tillsonburg and Delhi, this is a well-managed asset with solid existing tenants and clear upside available through lease-up of the vacant units and optional shop use.
Location
Province ON
County Norfolk
Area Norfolk
Zoning CH
Interior
Cooling No
Inclusions 7 Stoves, 7 Refrigerators. in as is condition.
Exterior
Utilities Available Available
Lot Frontage 324.35
Lot Depth 206.06
Building
Building Age 51-99
Others
ParcelsYN No
Listed by Century 21 Heritage House Ltd Brokerage
Nearby Locations
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