24124 Winter Line Road Paincourt, Ontario N0P 1Z0
$575,000
Great income producing property with more income potential and recent significant upgrades. Since 2020, the brickwork has been extensively repointed and the roof has been replaced as well as a new larger parking lot, new C02 and smoke alarms, fire extinguishers, and deadbolts and passage sets on entry doors. Unit #4 has been renovated and the other three units are clean and in good shape. Water heaters and furnace are owned; there is no rental equipment. In addition the unused garage unit has a few potential income-producing possibilities with 423 sq ft of interior space with new concrete floor and pine walls as well as electrical outlets and lights already installed. The four units are rented and even without the potential garage unit or adding laundry in the basement, the building already sustains an impressive capitalization rate of 4.77 at the asking price. This property should go quickly. Be sure to book your appointment to see it soon. (id:49454)
Property Details
| MLS® Number | 40421607 |
| Property Type | Multi-family |
| Equipment Type | None |
| Features | Southern Exposure, Corner Site, Crushed Stone Driveway, Country Residential |
| Parking Space Total | 8 |
| Rental Equipment Type | None |
| Structure | Porch |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 5 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Constructed Date | 1910 |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Brick, Stone |
| Fire Protection | Smoke Detectors |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2194 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Access Type | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 69 Ft |
| Size Frontage | 209 Ft |
| Size Irregular | 0.302 |
| Size Total | 0.302 Ac|under 1/2 Acre |
| Size Total Text | 0.302 Ac|under 1/2 Acre |
| Zoning Description | Multi Residential |
Utilities
| Electricity | Available |
| Natural Gas | Available |
https://www.realtor.ca/real-estate/25601910/24124-winter-line-road-paincourt
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May 31 2023 07:46:38
Guelph & District Association of REALTORS®
Keller Williams Home Group Realty