Minto, ON N0G 2P0,243 Main ST E
Minto, ON N0G 2P0,243 Main ST E
Minto, ON N0G 2P0,243 Main ST E
Minto, ON N0G 2P0,243 Main ST E
Minto, ON N0G 2P0,243 Main ST E
Minto, ON N0G 2P0,243 Main ST E
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$1,600,000

$1,750,000

8.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

12 Beds

12 Baths


SOLD DATE : 08/03/2023

Key Details

Sold Price $1,600,000

Property Type Multi-Family

Sub Type Multiplex

Listing Status Sold

Purchase Type For Sale

Subdivision Palmerston

MLS Listing ID X6022903

Sold Date 08/03/23

Style 2-Storey

Bedrooms 12

Annual Tax Amount $6,182

Tax Year 2022

Property Sub-Type Multiplex

Property Description

Presenting 243 Main St. E. Palmerston. A Multi-Family Six-Plex Full Of Opportunity And Investment Potential. With A Rich History, The Home And Property Were Originally Owned By The United Church And Was Later Transformed Into A Purpose-Built, Rental Building That Has Been Meticulously Maintained By The Original Owners Who Occupied One Of The Units In The Building. Located Just Steps To Main St. Shops, Restaurants And Lion's Community Park, The Quintessential Small-Town Feel Is Alive And Well. This Turnkey Property Is Available Immediately And Has Been A Desired Residence For Tenants In The Area, And Has Had A Zero Vacancy Rate Since Being Built In 1996. Current Rents, Are Approximately $100,000/Year With The Potential To Increase By $20,000-$30,000 As Tenants Turn Over And New Market Rents Are Introduced. The Building Totals Over 8,000 Sq. Ft. And Each Unit Is A Generous Size. All Six Units Are Two Bedroom, Two Bathroom, With Spacious Living, Dining, Kitchens, In-Suite Laundry.

Location

Province ON

County Wellington

Community Palmerston

Area Wellington

Zoning Mu2

Rooms

Family Room No

Basement Full, Partially Finished

Kitchen 6

Separate Den/Office 6

Interior

Cooling Central Air

Exterior

Parking Features Private Double

Garage Spaces 4.0

Pool None

Lot Frontage 131.99

Lot Depth 122.0

Total Parking Spaces 10

Others

Senior Community Yes

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Listed by RE/MAX ESCARPMENT REALTY INC., BROKERAGE
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