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Key Details
Sold Price $2,790,000
Property Type Condo
Sub Type Condo/Apt Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 17,700 sqft
Price per Sqft $157
MLS Listing ID XH4169412
Sold Date 12/01/23
Style Two Story
Abv Grd Liv Area 17,700
Annual Tax Amount $28,761
Property Sub-Type Condo/Apt Unit
Source Hamilton - Burlington
Lot Front 52.8
Property Description
Calling All Multi-Family Investors!!! Are You Interested In Making More Than $200,000+ Dollars A Year For Life? Well This Property Is For You! 25 Unit Multi-Family Apartment Building For Sale, Composed Of 24 One Bedroom And 1 Two Bedroom Units. Located Approximately 1 Hour (109 Km) From Of London Or 3 Hours (262 Km) From Toronto In The Town Of Ridgetown, On Approximately 1.36 Acres. On-Site Surface Parking Consists Of 25 Parking Spaces Plus A Bonus Lot Of 6 Spaces. Major Updates Complete. All New Flooring Has Been Completed In Hallways, Common Rooms And Lobby. All New Doors And Windows (2021), 8 Security Cameras (2019), 2 Boilers (2020), Intercom (2014), Walls Tucked (2012), Roof (2010). Family Friendly Neighborhood Welcomes Seniors And Students. Home To The University Of Guelph. Nearby Amenities Including Tennis And Community Pool. Minutes From Main Transportation Corridor - Highway 401. Zoned Residential Medium Density. Apartment Trading Option Available. Huge Upside. Current NOI $194,212.45. Total Potential Rental Income $361,800 Annually Based On $1200 Per Month For 1 Bedroom Units &
$1350 Per Month For The 2 Bedroom Unit.
Location
Province ON
County Chatham-kent
Area Zz-Chatham-Kent
Zoning RL2 Residential Low Density, RM2 Res Med Dens
Direction Follow Chatham-Kent County Rd 17 to Ebenezer St in Ridgetown
Rooms
Basement None
Interior
Heating Baseboard, Electric
Fireplace No
Laundry Coin Operated, In-Suite, Shared
Exterior
Parking Features Asphalt, None
Roof Type Asphalt Shing
Lot Frontage 52.8
Garage No
Building
Lot Description Irregular Lot
Faces Follow Chatham-Kent County Rd 17 to Ebenezer St in Ridgetown
Story 2
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Architectural Style Two Story
Level or Stories 2
Structure Type Brick Front
New Construction No
Others
Senior Community false
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