$649,000

For sale

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428 Queen Street South, Arran-Elderslie - Multi-family for Sale

428 Queen Street South, Arran-Elderslie, Ontario, N0G2N0

4 baths6 parking7,760 ft² lot size

20 & 22 2nd Street, Arran-Elderslie, Ontario, N0G1L0

5,648 ft²Lot size 104 × 133 ft (13,825 sq ft)

Listed by Peak Edge Realty Ltd.

20 & 22 2nd Street Southeast, Arran-Elderslie, Ontario, N0G1L0

For sale

25 days ago

$550K

20 & 22 2nd Street Southeast, Arran-Elderslie, Ontario, N0G1L0

6 bd3 ba4 pk4,250 ft²Lot size 104 × 133 ft (13,832 sq ft)

Listed by Peak Edge Realty Ltd.

Investment analysis

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$649,000

Arran-Elderslie

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35 × 222 ft (7,760 sq ft)

Overview

This multi-family property in Arran-Elderslie is for sale offering roughly 7,760 sq ft of space. It has been on the market 13 days, fresher than the Arran-Elderslie average of 94 days.

Multi-Family Properties for Sale in Arran-Elderslie →All real estate in Arran-Elderslie →

Description

Great investment! Turnkey mixed use property, zoned C1 in the ever growing hamlet of Paisley with Bruce Power just 20 minutes away. Newly renovated in 2022-23. Upgraded electrical and plumbing. New appliances, kitchens, bathrooms, Steel roof. Small office on lower level with 2 pc bathroom Large storage room in back. Large yard. 10 or more parking spaces. 2 x 2 bedrooms, 1 x1 bedroom and office on ground floor. (id:66096)

Property Details

MLS®: X14106416
Property Type: Multi-family
Zoning: C1
Bathrooms: 4
Parking: 6
Interior Size: 7,760 ft²
Lot Size: 35 × 222 ft (7,760 sq ft)
Frontage: 35 ft
Heating: Forced air, Natural gas
Cooling: None
Property Tax: $2,468.58/yr
Listed: 13 days ago

Features

Appliances: Water Heater

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Arran-Elderslie listings, avg age

94d

Price / ft²

$84

List price

$649K

Haho

This multi-family in Arran-Elderslie has been listed for 13 days, which is 81 days fresher than the city average of 94. Act while there is still low competition.

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Listed by RE/MAX Land Exchange Ltd. · CHARLIE BAGNATO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0G)

This home lists at $649,000, about 7.8× the local median household income of $83,000.

Carrying it typically needs a household income of about $126,772 (20% down, 25-yr amortization, stress-tested) — roughly 53% above the area median.

Median household income: $83,000
Population: 86,935
Median age: 40.8
Owner / renter: 80% / 20%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N0G)

$649,000· $84/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $39,900

Min 6.15%50%

Mortgage payment$3,377/mo

↳ CMHC premium ($24,364 capitalized)

Property tax (est.)$206/mo

Total monthly$3,583

Cash Needed to Close

Down payment (6.15%)$39,900

Land transfer tax$9,455

Est. closing costs$4,447

Total cash needed$53,802

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