Description
A rare chance to own a fully tenanted, income-producing fourplex backing onto open farmland. Two 2-bedroom units and two 1-bedroom units, every one occupied and generating revenue from day one.Pride of ownership shows throughout this property, and the heavy lifting is done. Unit 1 was completely refreshed this year with a new kitchen, new bathroom, luxury vinyl plank flooring, new doors, fresh paint, and new appliances. The remaining three units have all been renovated in recent years, including updated kitchen cabinetry, countertops, and modern laminate and vinyl flooring.The big-ticket items are covered too: a durable metal roof, updated windows throughout the main levels, a gas water heater installed in 2020, and a parking lot freshly paved in 2022 with two spaces per unit for a total of eight spots.Smart mechanics make this an easy hold. Each unit runs on its own breaker panel, and tenants pay their own hydro while the landlord covers water and gas. Coin-operated laundry in the shared basement adds a bonus income stream.House-hackers, take note: live in one unit and let the other three carry the mortgage. Set on a sought-after dead end street along a Grand River Transit route, with quick access to the city and farmland views out back.Immediate possession with tenants in place. Opportunities like this rarely surface.
Details
| MLS # | 40845007 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 40 |
| Listing Provided By | SHAW REALTY GROUP INC. | Adnan Khan |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,660 |
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | Z2A |
| Acreage | 0.27 |
Interior
| Appliances | Refrigerator, Stove |
|---|---|
| Interior Features | Separate Heating Controls, Separate Hydro Meters |
| Cooling | None |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | Coin Operated, Common Area, Shared |
Exterior
| Lot Features | Ample Parking, Cul-De-Sac, Greenbelt, Place of Worship, Playground Nearby, Quiet Area, Rec./Community Centre, Schools, Trails |
|---|---|
| Construction Materials | Aluminum Siding, Brick |
| Roof | Metal |
| Foundation Details | Poured Concrete |
| Security Features | Carbon Monoxide Detector(s) |
Parking
| Parking Features | Asphalt, Assigned |
|---|---|
| Open Parking Yes / No | Yes |
| Attached Garage Yes / No | No |
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 3894.08 |
|---|
Area Information
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Baden |
| Postal Code | N3A 2L2 |
| Area | 6 Wilmot Township |
| Subarea | 661 Baden | Phillipsburg | St. Agatha |
| Community Name | 661 Baden/Phillipsburg/St. Agatha |
| Listing VS Median (in 661 Baden/Phillipsburg/St. Agatha) | |
Price: $898,000 low | high Med: $842,450 sqft: 2,660 low | high Med: 2,187 $ / sqft: $338 low | high Med: $403 On site: 40 low | high Med: 16 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Baden |
| Postal Code | N3A 2L2 |
| Area | 6 Wilmot Township |
| Subarea | 661 Baden | Phillipsburg | St. Agatha |
| Community Name | 661 Baden/Phillipsburg/St. Agatha |
| Listing VS Median (in 661 Baden/Phillipsburg/St. Agatha) | |
Price: $898,000 low | high Med: $842,450 sqft: 2,660 low | high Med: 2,187 $ / sqft: $338 low | high Med: $403 On site: 40 low | high Med: 16 | |
