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$829,500
Ingersoll
156-158 Charles Street West, Ingersoll (Ingersoll - South), Ontario, N5C2M1
This multi-family property in Ingersoll is for sale offering roughly 4,250 sq ft of space. It has been on the market 22 days, fresher than the Ingersoll average of 57 days.
4 RESIDENTIAL UNITS + 1,694 SQ FT HEATED SHOP - A well-maintained, turn-key income property offering 3,900+ sq. ft. of residential living space plus a substantial detached shop. The 4 self-contained residential units feature clean, updated interiors with classic character, modernized kitchens and bathrooms, updated flooring and bright, functional layouts. Unit mix includes 2 x 2-bedroom units and 2 x 1-bedroom + den units. 3 units are currently rented, while 1 unit is vacant and ready for owner occupancy or a new tenancy. Tenants enjoy on-site pay-per-use laundry, private balconies/porches and ample parking. The detached 1,694 sq. ft. heated shop measures approx. 26'9" x 59'7" and features a durable metal exterior, 13' ceiling clearance, a 50 sq. ft. storage room, direct exterior entry and dedicated hydro. Potential shop income subject to zoning provisions. Low-maintenance metal roof, renovated units, replacement windows, nicely landscaped, owned hot water heaters and no rental equipment. Convenient access to downtown, Highway 401, Woodstock and London. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 22 days on market, against an average age of 57 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.
This 6-bed multi-family in Ingersoll (Ingersoll - South) has been listed for 22 days, which is 35 days fresher than the city average of 57. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $829,500, about 9.3× the local median household income of $89,000.
Carrying it typically needs a household income of about $162,030 (20% down, 25-yr amortization, stress-tested) — roughly 82% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5C)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.