2047 MAIN STREET S, Haldimand, Ontario
$1,770,000
- 10 Beds
- 6 Baths
**Prime Investment Opportunity 6-Unit Apartment Building in Jarvis!** An outstanding multiplex investment offering stable rental income, with all units currently occupied. This well-maintained property features four spacious two-bedroom units and two one-bedroom units, each separately metered. Recent upgrades enhance long-term value, including a newer pump (2024), windows (2023-2024), boiler & furnace (2018), resurfaced roof (2017), and updated siding (2019). This income-generating property produces a gross total income of $115,360 per year, including rental revenue and coin laundry income ($1,984), with total expenses of $17,820, resulting in a NOI of $97,540 and a strong 5.50% CAP rate. Tenant storage lockers and ample parking add further value. Situated in a growing community, just 35 minutes from HWY 403/Hamilton, this property offers long-term appreciation and the ability to increase rents to market value over time. Don't miss this incredible investment opportunity! (id:23309)
- Listing ID: X11959149
- Property Type: Multi-family
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 2047 MAIN STREET S in Haldimand Ontario. It was last modified on February 6th, 2025. Contact Delbert Williams to schedule a viewing or to discover other Haldimand real estate for sale.