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$695,000
Essa
181 Murphy Road, Essa (Baxter), Ontario, L0M1B1
This multi-family property in Essa is for sale offering roughly 2,871 sq ft of space. It has been on the market 41 days, fresher than the Essa average of 53 days.
Investment Opportunity in Baxter! Welcome to this well-maintained legal triplex situated on a generous lot in the growing community of Baxter. An excellent addition to any investment portfolio, this income-producing property features three self-contained 2-bedroom units, each offering a functional layout with a spacious living room, full kitchen, and comfortable living space for tenants.The property offers ample on-site parking, which is convenient for residents and guests alike, as well as a shared coin-operated laundry facility that provides additional income potential. Set on a large lot with mature surroundings, this property offers strong rental appeal in a desirable location with easy access to Alliston, Angus, Base Borden, and major commuter routes.Whether you're a seasoned investor looking to expand your portfolio or an owner-occupier seeking the benefits of rental income, this versatile multi-residential property presents a fantastic opportunity. Strong tenant demand, generous parking, and a convenient location make this a smart addition to your real estate holdings. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 41 days on market, against an average age of 53 days across the listings currently for sale in this city
This multi-family in Essa (Baxter) has been listed for 41 days, which is 12 days fresher than the city average of 53. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $695,000, about 6.7× the local median household income of $103,000.
Carrying it typically needs a household income of about $135,758 (20% down, 25-yr amortization, stress-tested) — roughly 32% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0M)
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Loading rates, 30-yr amortization
Cash Needed to Close
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