4494 River Road, Horton, Ontario, K7V3Z8
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$499,000
Horton
This multi-family property in Horton is for sale offering roughly 3,250 sq ft of space. It has been on the market 16 days, fresher than the Horton average of 99 days.
OPPORTUNITY KNOCKS!! LEGAL 4PLEX - INVESTMENT PROPERTY on STUNNING 2.1 ACRE WATERFRONT PROPERTY with BEACH on the shores of the Ottawa River, just outside Renfrew. Exceptional property for potential future redevelopment or continued long term use for investment with a LUCRATIVE 9% CAP RATE. The current building is a Legal FOUR-PLEX (+ 2 non-conforming units). Loads of opportunity for the right Buyer... RENTS (all inclusive) aprx. $78,955.92 per annum. Units 1,2,3,4,6 tenant occupied, unit 6 FULLY RENOVATED and move in ready. 2 car garage currently vacant - landlord use only. 2 NEW PROPANE FURNACES and 1 NEW AC (2025). Please do not visit the property without a booked showing appointment. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 16 days on market, against an average age of 99 days across the listings currently for sale in this city
This 10-bed multi-family in Horton has been listed for 16 days, which is 83 days fresher than the city average of 99. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $499,000, about 7.1× the local median household income of $70,000.
Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 39% above the area median.
Source: Statistics Canada, 2021 Census (FSA K7V)
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Loading rates, 30-yr amortization
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