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$699,900
New Tecumseth
102 Queen Street South, New Tecumseth (Tottenham), Ontario, L0G1W0
This 6-bedroom, 5-bathroom home in New Tecumseth is for sale. Listed at $699,900, it is attractively priced about 30% below the $999,999 median asking price in New Tecumseth.
Exceptional Cash Flow & Investment Opportunity in the Heart of Tottenham! Situated on a rare 82.5-foot frontage on a large lot along one of Tottenham's busiest Main Street corridors, this high-visibility property benefits from constant vehicle traffic, outstanding exposure, and exceptional long-term investment appeal. With exciting future development and commercial potential (buyer to complete their own due diligence), this is a unique opportunity for investors, developers, or business owners looking to secure a prime location in a growing community. This spacious property features 6 bedrooms and 6 washrooms, offering outstanding versatility for investors or multi-generational families. Currently generating over $70,000 in annual rental income, it provides immediate cash flow with additional upside. The unfinished basement presents an excellent opportunity to create even more rental income or customize the space to suit your needs. Ideally located within walking distance to shops, restaurants, schools, and everyday amenities, this is a rare opportunity to own a high-exposure, income-producing property on a premium Main Street lot with tremendous future upside. Recent upgrades include new windows, roof, interior and exterior pot lights, and many additional improvements. A truly one-of-a kind investment opportunity with income today and exceptional potential for tomorrow. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 113 days on market, against an average age of 52 days across the listings currently for sale in this city
This 6-bed single family in New Tecumseth (Tottenham) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $699,900, about 5.9× the local median household income of $118,000.
Carrying it typically needs a household income of about $136,715 (20% down, 25-yr amortization, stress-tested) — roughly 16% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0G)
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Loading rates, 30-yr amortization
Cash Needed to Close
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