$629,000
Delhi
136 KING Street, Delhi, Ontario, N4B1X8
This multi-family property in Delhi is for sale offering roughly 2,302 sq ft of space. It has been on the market 58 days, fresher than the Delhi average of 86 days.
A Rare Live-In Investment Opportunity with Three Separate Units 136 King Street offers something you do not often find in downtown Delhi: the opportunity to live comfortably in a beautifully renovated home while two additional units help generate income and offset the cost of ownership. The property features three separate spaces, including a spacious three-bedroom upper residence, a one-bedroom main-floor apartment, and an approximately 600 sq. ft. street-facing commercial unit that is currently leased. For an owner-occupier or first-time buyer, this creates a compelling setup. Live in the larger residential unit and benefit from income generated by the additional apartment and commercial storefront. For an investor, the property offers multiple income streams within one freehold building, along with the flexibility to select future residential tenants. Both residential units are currently vacant, giving the purchaser the ability to choose how the property works for them from day one. The interiors have been thoughtfully renovated, while separate entrances provide privacy and functionality for each unit. Each unit also includes additional storage space, adding another practical benefit for residents, tenants, and the commercial occupant. The property also includes on-site parking, separate mechanical systems, and a central downtown location close to shops, restaurants, services and everyday amenities. Whether you are looking to reduce your monthly housing costs, create a live-and-invest opportunity, or add a versatile mixed-use property to your portfolio, 136 King Street deserves a closer look. Three separate units. Two additional income opportunities. One property with a very different path to home ownership. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 58 days on market, against an average age of 86 days across the listings currently for sale in this city
This 4-bed multi-family in Delhi has been listed for 58 days, which is 28 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 $629,000, about 8.1× the local median household income of $78,000.
Carrying it typically needs a household income of about $122,866 (20% down, 25-yr amortization, stress-tested) — roughly 58% above the area median.
Source: Statistics Canada, 2021 Census (FSA N4B)
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