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$749,900
Minto
213 Main Street East, Minto, Ontario, N0G2P0
This multi-family property in Minto is for sale offering roughly 3,250 sq ft of space. It has been on the market 64 days, fresher than the Minto average of 103 days.
ATTENTION INVESTORS! Opportunity knocks in the heart of Palmerston with this substantial 4-unit property offering 3,340 sq. ft. of above-grade living space and four self-contained units under one roof. Whether you're looking to expand an existing portfolio or make your move into multi-residential investing, 213 Main Street E offers the diversification and income potential investors look for without having to purchase multiple properties. Each unit features a functional layout designed for everyday living, while four on-site parking spaces - one for each unit - plus individual storage lockers add valuable tenant conveniences. The property is ideally located close to downtown Palmerston amenities, schools, shopping and the Palmerston & District Hospital, helping support long-term tenant appeal. Behind the stucco exterior is a full brick exterior with added foam insulation. With four rental units, municipal services and MU2 zoning, this is a compelling opportunity to secure a multi-residential asset in a growing Southwestern Ontario community. Add it to your portfolio and let four doors work for you! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 64 days on market, against an average age of 103 days across the listings currently for sale in this city
This 6-bed multi-family in Minto has been listed for 64 days, which is 39 days fresher than the city average of 103. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $749,900, about 9.0× the local median household income of $83,000.
Carrying it typically needs a household income of about $146,482 (20% down, 25-yr amortization, stress-tested) — roughly 76% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0G)
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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.