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$1,395,000
North Stormont
28 Queen Street, North Stormont, Ontario, K0A1R0
This multi-family property in North Stormont is for sale. It has been on the market 115 days, fresher than the North Stormont average of 137 days.
Introducing 28 Queen Street, Crysler - a quality-built and thoughtfully designed 6-plex located in the heart of the vibrant, and rapidly growing community of Crysler! Constructed in 2003, this 2-story building sits on a durable ICF slab-on-grade foundation. The property features 6 well-appointed residential units - including 4x 1-bedroom + 1 office units and 2x 2-bedroom units, each equipped with 1 full bathroom. With 3 spacious units per floor, this building is both functional and appealing to tenants. All units are separately metered for hydro and gas, providing simplified utility management and cost control. Additional features include a backup generator, and ample on-site parking for tenants. All 6 units fully rented out. This is a rare and turnkey investment opportunity in an expanding community with increasing demand for quality rental housing. Whether you're a seasoned investor or looking to enter the market with a high-quality asset, 28 Queen Street is a solid, low-maintenance building primed for consistent returns. Provide 48h irrevocable on all offers. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 115 days on market, against an average age of 137 days across the listings currently for sale in this city
This 10-bed multi-family in North Stormont has been listed for 115 days, which is 22 days fresher than the city average of 137. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,395,000, about 12.1× the local median household income of $115,000.
Carrying it typically needs a household income of about $272,492 (20% down, 25-yr amortization, stress-tested) — roughly 137% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0A)
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Loading rates, 30-yr amortization
Cash Needed to Close
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