LOADING

193 Queen Street S Thorold, Ontario L2V 3P4

1106 sqft
Multi-Unit None Radiant Heat

$450,000

Attention Investors.....a great starter investment property!!! Act fast, same owner over 25 years has decided to retire. Maintenance free building containing 4 spacious 1 bedroom apartments with separate outside entrances. Shared coin laundry generates nice monthly income. Large driveway and parking lot. Building has been very well maintained and is easy to rent. Long term tenants pay their own hydro, gas, cable and internet. Five separate hydro meters, landlord pays for water and hydro to operate coin laundry machines. Landlord owns very expensive Bradford White Combi dual hot water/radiant heat tanks, purchased and installed in each unit in 2014. Basement waterproofing, new weepers with sock covers in 2014 (transferable warranty). New roof 2014. Positive cash flow with current rents having room for increase by new owner. Take note, directly behind this property there is a massive new development with luxury brick single detached homes currently under construction which enhances the character and value of this neighbourhood. Centrally located, close to Brock, shopping and highways. Call now, this one won't last. (id:34474)

Property Details

MLS® Number 30757190
Property Type Multi-family
Amenities Near By Golf Course, Schools, Park
Community Features Quiet Area
Equipment Type None
Features Park Setting, Park/reserve, Double Width Or More Driveway, Crushed Stone Driveway, Carpet Free, Laundry- Coin Operated
Parking Space Total 4
Rental Equipment Type None
Structure Shed

Building

Appliances Dryer, Refrigerator, Stove, Stove, Washer & Dryer
Architectural Style Multi-unit
Basement Development Finished
Basement Features Separate Entrance
Basement Type Full (finished)
Constructed Date 1987
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Vinyl Siding
Fire Protection Fire Alarm System, Smoke Detectors
Fireplace Present No
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Radiant Heat
Stories Total 1
Size Interior 1106 Sqft
Type Fourplex
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Golf Course, Schools, Park
Sewer Sanitary Sewer, Storm Sewer
Size Depth 90 Ft
Size Frontage 80 Ft
Size Total Text Under 1/2 Acre
Soil Type Clay
Zoning Description Residential

Utilities

Water Available

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=21032696