67 Railway Street, Huron East (Seaforth), Ontario, N0K1W0

For sale

44 days ago

$450K

67 Railway Street, Huron East (Seaforth), Ontario, N0K1W0

5 bd3 ba6 pk2,250 ft²Lot size 67 × 130 ft (8,710 sq ft)

↓ $4K (1%) price drop

50 Goderich Street East, Huron East (Seaforth), Ontario, N0K1W0

3 bd2 ba8 pk1,750 ft²Lot size 60 × 145 ft (8,718 sq ft)

Listed by Century 21 Heritage House Ltd.

Investment analysis

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$1,975,000

Huron East

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$1,975,000

For sale

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150 S Main Street South, Huron East (Seaforth) - Multi-family for Sale

150 S Main Street South, Huron East (Seaforth), Ontario, N0K1W0

15 parking5,000 ft²120 × 194 ft (23,303 sq ft) lot sizeListed 54 days ago

Overview

This multi-family property in Huron East is for sale offering roughly 5,000 sq ft of space. It has been on the market 54 days, fresher than the Huron East average of 98 days.

Multi-Family Properties for Sale in Huron East →All real estate in Huron East →

Description

Seaforth : Great live in investment property with numerious cash streams. 2 750+- sq. ft. apartments, 1 one bedroom and 1 two bedrooms. 3 commercial offices for home business or rental income. Also has a touchless automatic car wash as well as 2 self-serve bays and 1 large vehicle bay. Newer equipment accepts cash, credit cards as well as gift cards. Car wash area has infloor heat, reverse osmosis for a "Spot Free" wash, air compressor, water heaters, pumps, change machine, vacuum and all equipment necesary to run the wash. Large paved lot with potential to run a large variety of business. Car wash has no receivables, no bad debt, no rent control and minimal inventory. This low maintance block building with steel roof was built in and has a large paved lot with corner access.Potential for additional income as rents and car wash charges could be increased to reflect current conditions. Financials available with a signed NDA. (id:66096)

Property Details

MLS®: X13774680
Property Type: Multi-family
Zoning: C3
Parking: 15
Interior Size: 5,000 ft²
Lot Size: 120 × 194 ft (23,303 sq ft)
Frontage: 120 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $7,570/yr
Listed: 54 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

54d

Huron East (Seaforth) listings, avg age

98d

Price / ft²

$395

List price

$1.98M

Haho

This multi-family in Huron East (Seaforth) has been listed for 54 days, which is 44 days fresher than the city average of 98. Act while there is still low competition.

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Listed by RE/MAX A-B Realty Ltd · JOHN JANTZI

Location

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Area context

Neighbourhood profile (N0K)

This home lists at $1,975,000, about 21.9× the local median household income of $90,000.

Carrying it typically needs a household income of about $385,787 (20% down, 25-yr amortization, stress-tested) — roughly 329% above the area median.

Median household income: $90,000
Population: 24,817
Median age: 38.4
Owner / renter: 80% / 20%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA N0K)

$1,975,000· $395/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $395,000

Min 20%50%

Mortgage payment$8,423/mo

Property tax (est.)$631/mo

Total monthly$9,054

Cash Needed to Close

Down payment (20%)$395,000

Land transfer tax$35,975

Est. closing costs$8,425

Total cash needed$439,400

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