$2,500,000
 $13,421 est/mo Sourced by Back At You

41 Carleton Street S , Thorold, ON L2V 1Z7

Thorold, ON L2V 1Z7

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Description

Looking for a great investment property with 11 fully rented two-bedroom units, and a gross income of $161000 per year? Look no further than 41 Carleton St. South. Located on a quiet residential street near the canal, you will appreciate the brick exterior, the solid concrete block walls and core slab ceilings throughout the building, and the separate hydro meters for each unit. There are 11 two-bedroom units in total, plus a shared laundry room in the basement, and another room with separate storage lockers for each unit. Five of the units have been extensively renovated in the last three years, complete with beautiful new kitchens and bathrooms, light fixtures, and durable luxury vinyl plank floors. Several others have been partially renovated with new flooring and lighting. So many updates were done in the past five years-the driveway and parking lot (with room for 12 cars) were re-done with new asphalt in 2022, new fence on the driveway side in 2022, new boiler in 2019, carpets were replaced in all the hallways, the main electrical panel was switched over to 12 separate meters (7 units are paying their own hydro so far), all units had their individual electrical panels switched from fuses to breakers, the hallway and stairwell lighting were all switched to LED lights & the emergency exit signs and battery packs were replaced, the plumbing shutoffs for all the units were replaced in the utility room, the back entry door and several patio doors were replaced, and the basement hallway and laundry room were re-painted. Great long term investment, with wonderful tenants. Minimum 24 hour notice for showings.

Details

MLS#40640211
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Days On Site40
Listing Provided ByRE/MAX NIAGARA REALTY LTD, BROKERAGE | Sarah Moiseff

Features

Bed(s)22
Bath(s)11
SQ Feet8,370
BasementY
Story(s)3
Units11
ZoningMulti-Residential
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 3 minutes ago
ProvinceON
CountyNiagara
CityThorold
Postal CodeL2V 1Z7
AreaThorold
Subarea557 Thorold Downtown
Community Name557 Thorold Downtown
Listing VS Median (in 557 Thorold Downtown)
Price:
$2,500,000
low | high
Med:
$578,999
100% of Average
SqFt:
8,370
low | high
Med:
1,319
100% of Average
$ / SqFt:
$299
low | high
Med:
$439
3.033460803639% of Average
On Site:
40
low | high
Med:
92.000000
43.478260869565% of Average
Sourced by Back At You
Listing Updated: September 4, 2024 at 12:27:32 PM PDT