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$834,900
Casselman
683 Principale Street, Casselman, Ontario, K0A1M0
This multi-family property in Casselman is for sale offering roughly 2,841 sq ft of space. It has been on the market 65 days, fresher than the Casselman average of 70 days.
Excellent investment opportunity in the heart of Casselman! This versatile triplex offers a great mix of residential and commercial income potential. The main house has been fully renovated inside and features a beautiful new kitchen, bright and spacious living and dining areas, a convenient main floor 2-piece bathroom with washer/dryer connection, plus two bedrooms and a 4-piece bathroom on the second level. This unit offers flexibility and could potentially be rented as residential or commercial space. The low unfinished basement provides additional storage. The property also includes a commercial office space already rented as a hair salon, plus a separate upper garage apartment featuring 2 bedrooms and an open-concept kitchen, dining, and living area, also already rented. Two large commercial garages offer even more rental potential. With multiple income streams, excellent visibility, and a central location, this property is ideal for investors or owner-occupiers looking to expand their portfolio. (House is currently vacant and can be rented for $2400 no heat or hydro, apt is rented for $1800 per month heat and hydro included, Salon is rented for $850 per month heat and hydro included, both garage doors are currently rented for $800 per month for both.) (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 65 days on market, against an average age of 70 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.
Homes here sell close to asking price
Homes in this market sold for an average of 98.0 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This multi-family in Casselman has been listed for 65 days, which is 5 days fresher than the city average of 70. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $834,900, about 7.3× the local median household income of $115,000.
Carrying it typically needs a household income of about $163,085 (20% down, 25-yr amortization, stress-tested) — roughly 42% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0A)
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Loading rates, 30-yr amortization
Cash Needed to Close
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