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$675,000
Chatsworth
596688 10 Corners, Chatsworth, Ontario, N0H1G0
This multi-family property in Chatsworth is for sale offering roughly 4,250 sq ft of space. It has been on the market 51 days, fresher than the Chatsworth average of 86 days.
Turnkey Investment Opportunity - Fully Tenanted 4-Unit Property. Excellent opportunity to add a fully tenanted, income-producing property to your investment portfolio. Situated in a peaceful country setting with generous outdoor space, this well-maintained four-unit property offers a strong combination of stable rental income, tenant appeal, and low-maintenance ownership. The property features three 2-bedroom units and one spacious 1-bedroom unit, all currently occupied. Each unit is separately metered for hydro, with tenants responsible for their own electricity, helping to keep operating expenses manageable.Several important updates have already been completed, including improvements to the roof, windows, heating system, paint, and flooring in select units, helping reduce the need for significant near-term capital expenditures. Additional income is generated through coin-operated laundry, while dedicated basement storage areas provide added convenience for each tenant. With a solid tenant base, established income, desirable rural setting, located close to Owen Sound, ample yard space, and key improvements already completed, this property offers an attractive turnkey opportunity for investors looking for a well-established multi-residential property with continued rental potential. **Total Rental Income $59,849, Laundry $2,000, Total Gross Income $61,849. Expenses $13,975. Net Operating Income $47,874.** (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 51 days on market, against an average age of 86 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 7-bed multi-family in Chatsworth has been listed for 51 days, which is 35 days fresher than the city average of 86. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $675,000, about 7.8× the local median household income of $86,000.
Carrying it typically needs a household income of about $131,851 (20% down, 25-yr amortization, stress-tested) — roughly 53% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0H)
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Loading rates, 30-yr amortization
Cash Needed to Close
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