$749,000

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818 Prince Street, Hearst - Multi-family for Sale

818 Prince Street, Hearst, Ontario, P0L1N0

11 beds15 baths7 parking lot size

531 George Street, Hearst, Ontario, P0L1N0

6 bd3 ba6 pk1,750 ft²Lot size 66 × 83 ft (5,445 sq ft)

Listed by RE/MAX CROWN REALTY (1989) INC

Investment analysis

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$749,000

Hearst

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Description

GREAT OPPORTUNITY TO ADD TO YOUR PORTFOLIO WITH THIS MULTILPEX PROPERTY. 6 UNITS IN TOTAL WITH A 4 UNIT BUILDING, 2 HOUSES AND AN HEATED GARAGE, ALL ON THE SAME PROPERTY. FULLY RENTED. GREAT LOCATION. WITH A NET OPERATING ANNUEL INCOME OF $60,239.00, THIS INVESMENT WILL SECURE YOUR RETIREMENT FUNDS FOR YEARS TO COME. MONTHLY RENTS; UNIT 818, $847.00. UNIT 818-A, $1530.00. UNIT 818-B, $1225.00 PLUS UTILITIES. UNIT 818-C, $970.00 PLUS UTILITIES. UNIT 818-D, $970.00 PLUS UTILITIES. UNIT 818-E, $970.00 PLUS UTILITIES. GARAGE, $255.00. ALLOW A MINIMUM OF 24 HOURS NOTICE FOR VIEWING. MPAC 336. HYDRO $3679.66. WATER/SEWER $3482.49. HEAT $2645.30. (id:66096)

Property Details

MLS®: T13039812
Property Type: Multi-family
Zoning: R1
Bedrooms: 11
Beds (above / below): 11 above · 0 below
Bathrooms: 15
Half Baths: 1
Parking: 7
Lot Size: 66 × 165 ft (10,890 sq ft)
Frontage: 66 ft
Storeys: 2
Basement: Crawl space, Other, See Remarks, N/A
Heating: Baseboard heaters, Forced air, Electric, Natural gas
Cooling: None
Garage: Detached Garage, Garage
Property Tax: $4,925.28/yr
Listed: 194 days ago

Market Timing

Days on market

194d

Hearst listings, avg age

117d

List price

$749K

Homes here sell slower than most markets

Sold homes in this market spent an average of 80 days on the market over the past year, against a median of 48 days across the markets we publish.

Area context

Neighbourhood profile (P0L)

This home lists at $749,000, about 9.7× the local median household income of $77,500.

Carrying it typically needs a household income of about $146,306 (20% down, 25-yr amortization, stress-tested) — roughly 89% above the area median.

Median household income: $77,500
Population: 22,859
Median age: 42
Owner / renter: 71% / 29%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA P0L)

$749,000

For sale

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Full Cost Breakdown

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Down Payment6.66% · $49,900.00

Min 6.66%50%

Mortgage payment$3,876/mo

↳ CMHC premium ($27,964 capitalized)

Property tax (est.)$410/mo

Total monthly$4,286

Cash Needed to Close

Down payment (6.66%)$49,900

Land transfer tax$11,455

Est. closing costs$4,747

Total cash needed$66,102

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

818 Prince Street, Hearst - Multi-family for Sale

Rental cashflow calculator

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