$1,200,000

For sale

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41 High Street, Georgina (Sutton & Jackson's Point) - Multi-family for Sale

41 High Street, Georgina (Sutton & Jackson's Point), Ontario, L0E1R0

7 beds4 baths7 parking ft²

948 Lake Drive East, Georgina (Sutton & Jackson's Point), Ontario, L0E1L0

7 bd4 ba6 pkLot size 58 × 100 ft (5,770 sq ft)

Listed by RE/MAX HALLMARK YORK GROUP REALTY LTD.

Investment analysis

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$1,200,000

Georgina

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Description

Excellent Investment Opportunity! Rare Opportunity To Acquire A Well-Maintained Four-Unit Multiplex Generating A 6%+ Cap Rate With Quality Tenants In Place. This Well-Maintained Income Property Offers Numerous Upgrades, Separate Hydro Meters For Each Unit, Coin-Operated Laundry For Additional Revenue, Security Cameras And Extensive Outdoor Decking. Ideally Located In Sutton's Growing Lakeside Community, Just Minutes From Shops, Schools, Parks, Grocery Stores, Highway 404, Lake Simcoe And Area Beaches. An Excellent Addition To Any Real Estate Portfolio With Strong Income Potential In A Desirable And Growing Neighbourhood! (id:66096)

Property Details

MLS®: N13684606
Property Type: Multi-family
Bedrooms: 7
Beds (above / below): 6 above · 1 below
Bathrooms: 4
Parking: 7
Interior Size: 4,250 ft²
Lot Size: 60 × 100 ft (6,000 sq ft)
Frontage: 60 ft
Storeys: 2
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Wall unit
Garage: No Garage
Property Tax: $5,980.46/yr
Listed: 79 days ago

Rooms

Main level

Kitchen: 5.06 x 2.39 meters
Living room: 6.17 x 4.39 meters
Primary Bedroom: 3.61 x 3.03 meters
Kitchen: 5.74 x 3.46 meters

Second level

Primary Bedroom: 3.85 x 3.47 meters
Bedroom 2: 3.85 x 3.4 meters
Bedroom 3: 3.57 x 2.17 meters
Living room: 4.69 x 1.91 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

79d

Georgina (Sutton & Jackson's Point) listings, avg age

66d

Price / ft²

$282

List price

$1.20M

Homes here sell faster than most markets

Sold homes in this market spent an average of 36 days on the market over the past year, against a median of 48 days across the markets we publish.

Area context

Neighbourhood profile (L0E)

This home lists at $1,200,000, about 13.3× the local median household income of $90,000.

Carrying it typically needs a household income of about $234,402 (20% down, 25-yr amortization, stress-tested) — roughly 160% above the area median.

Median household income: $90,000
Population: 21,898
Median age: 46.8
Owner / renter: 84% / 17%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L0E)

$1,200,000· $282/ft²

For sale

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Full Cost Breakdown

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Down Payment7.92% · $95,000

Min 7.92%50%

Mortgage payment$6,126/mo

↳ CMHC premium ($44,200 capitalized)

Property tax (est.)$498/mo

Total monthly$6,625

Cash Needed to Close

Down payment (7.92%)$95,000

Land transfer tax$20,475

Est. closing costs$6,100

Total cash needed$121,575

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41 High Street, Georgina (Sutton & Jackson's Point) - Multi-family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

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Market Timing

Location

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Neighbourhood profile (L0E)

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