87-93 NORTH TOWN Line, Ingersoll (Ingersoll - North) - Business for Sale
87-93 NORTH TOWN Line, Ingersoll (Ingersoll - North), Ontario, N5C2S6
This business in Ingersoll is for sale offering roughly 800 sq ft of space.
Description
** Rare Investment Opportunity!** We are excited to present this unique Real Estate investment opportunity comprising 5 units - a duplex and a triplex. This property boasts an exceptional investor return with a 7.14% cap rate. Detailed financial numbers and a spreadsheet are available for review. Located in a quiet and mature area, the property features a large lot measuring 86' x 252', providing plenty of space for outdoor activities. There is ample parking with 2 driveways, and one tenant looks after maintaining the grass cutting and snow removal. The property has been maintained, with newer wiring, plumbing, roof, siding, and interiors updated in 2017. Further interior renovations 2024/2025/2026. Each unit has separate entrances and is separately metered (except for water in the back 3 units). Additionally, the property comes with 5 fridges and 5 stoves. Come and view this investment! (id:66096)
Property Details
- MLS®
- X12904098
- Property Type
- Business
- Zoning
- R1
- Bedrooms
- 6
- Parking
- 5
- Interior Size
- 800 ft²
- Lot Size
- 86 × 252 ft (21,768 sq ft)
- Frontage
- 86 ft
- Heating
- Baseboard heaters
- Cooling
- Partially air conditioned
- Property Tax
- $3,781/yr
- Listed
- 231 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 231 days on market, against an average age of 107 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.
This 6-bed business in Ingersoll (Ingersoll - North) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N5C)
This home lists at $900,000, about 10.1× the local median household income of $89,000.
Carrying it typically needs a household income of about $175,802 (20% down, 25-yr amortization, stress-tested) — roughly 98% above the area median.
- Median household income
- $89,000
- Population
- 15,721
- Median age
- 41.2
- Owner / renter
- 78% / 22%
- Avg. household size
- 2.5
Source: Statistics Canada, 2021 Census (FSA N5C)
Book a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Buying this business?
Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.
Ask about acquisition financing →
$900,000
Ingersoll