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$879,000
Minto
3 Elora Street, Minto, Ontario, N0G1M0
This multi-family property in Minto is for sale offering roughly 9,000 sq ft of space. It has been on the market 33 days, fresher than the Minto average of 103 days.
Excellent 5 unit building (permit in place to make 6th unit) is a solid investment opportunity. Situated on the main street of Clifford, this property boasts great visibility, making it a prime location for businesses and nice for tenants to be able to walk to the amenities. The main level features a fully operational restaurant, attracting consistent foot traffic. Another commercial unit is near completion and will add to the cash flow. Additionally, upstairs you'll find 4 residential units, all of which are already rented. Additional perks include: large parking lot located at the back of the building. Dual Access: Two stairwells provide easy access to the apartments from both the front and back. Don't miss out on this versatile investment with a mix of commercial and residential income streams. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 33 days on market, against an average age of 103 days across the listings currently for sale in this city
This multi-family in Minto has been listed for 33 days, which is 70 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 $879,000, about 10.6× the local median household income of $83,000.
Carrying it typically needs a household income of about $171,699 (20% down, 25-yr amortization, stress-tested) — roughly 107% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0G)
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Loading rates, 30-yr amortization
Cash Needed to Close
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