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$759,900
Brock
36 Shedden Street, Brock (Cannington), Ontario, L0E1E0
This multi-family property in Brock is for sale offering roughly 2,250 sq ft of space.
Discover an exceptional investment opportunity in the charming community of Cannington. This well-maintained four-plex offers the perfect blend of immediate cash flow and future upside potential, featuring four bright and spacious 2-bedroom apartments, all occupied by reliable long-term tenants. Ideally situated on full municipal services and directly across from a beautiful nature trail, this property offers tenants a peaceful setting with the convenience of town living. Valuable features including four separate hydro meters, four water heaters, and four private garden sheds for added tenant convenience. A turnkey investment with all four units fully rented, currently generating $3010.00 per month in rental income. Tenants pay their own utilities, with only one unit including water costs, helping keep operating expenses manageable. With cosmetic updates or renovations, there is excellent potential to significantly increase rental income and maximize returns over time. Whether you're looking to expand your portfolio or secure a solid income-producing property with future growth potential, this four-plex presents an outstanding opportunity in a welcoming small-town setting. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 66 days on market, against an average age of 64 days across the listings currently for sale in this city
This 8-bed multi-family in Brock (Cannington) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $759,900, about 8.4× the local median household income of $90,000.
Carrying it typically needs a household income of about $148,435 (20% down, 25-yr amortization, stress-tested) — roughly 65% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0E)
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Loading rates, 30-yr amortization
Cash Needed to Close
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