134-136 Walton Street, Port Hope, Ontario, L1A1N5

For sale

56 days ago

$896K

134-136 Walton Street, Port Hope, Ontario, L1A1N5

9,456 ft²Lot size 8,668 sq ft (0.19 ac)

Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD.

80 Princess Street, Port Hope, Ontario, L1A2R1

For sale

177 days ago

$899K

80 Princess Street, Port Hope, Ontario, L1A2R1

5 pk2,400 ft²

Listed by Royal Service Real Estate Inc.

For sale

177 days ago

$899K

80 Princess Street, Port Hope, Ontario, L1A2R1

5 bd3 ba5 pk1,750 ft²Lot size 60 × 198 ft (11,880 sq ft)

Listed by Royal Service Real Estate Inc.

Investment analysis

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$785,000

Port Hope

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$785,000

For saleJust listed

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221 Walton Street, Port Hope - Multi-family for Sale

221 Walton Street, Port Hope, Ontario, L1A1P1

4 baths9,558 ft²52 × 96 ft (4,994 sq ft) lot sizeListed 6 days ago

Overview

This multi-family property in Port Hope is for sale offering roughly 9,558 sq ft of space. It has been on the market 6 days, fresher than the Port Hope average of 88 days.

Multi-Family Properties for Sale in Port Hope →All real estate in Port Hope →

Description

Unlock the potential of this legal 4-plex, offering over 3,500 sq. ft. (MPAC) of rentable space in a high-demand location. All four units are fully above grade and self-contained, comprising two spacious two-bedroom units and two one-bedroom units. The property has been renovated, with three units currently tenanted and one vacant, providing immediate income with the opportunity to place a new tenant at current market rent. Located in historic downtown Port Hope, residents enjoy walkable access to shops, cafs, amenities and public transit, along with convenient access to VIA Rail and Highway 401-ideal for attracting a broad tenant base. A rear addition overlooking a peaceful ravine adds to the property's appeal. Whether you're expanding your portfolio or seeking a repositioning opportunity, this property's size, location and configuration make it a rare find. With strong rental demand in one of Ontario's most desirable small towns, this is a smart investment ready for its next chapter. (id:66096)

Property Details

MLS®: X14134450
Property Type: Multi-family
Business Type: Residential
Zoning: R2-1
Bathrooms: 4
Interior Size: 9,558 ft²
Lot Size: 52 × 96 ft (4,994 sq ft)
Frontage: 52 ft
Heating: Radiant heat
Cooling: None
Property Tax: $6,906.3/yr
Listed: 6 days ago

Features

Lot Features: Irregular lot size

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Port Hope listings, avg age

88d

Price / ft²

$82

List price

$785K

Haho

This multi-family in Port Hope has been listed for 6 days, which is 82 days fresher than the city average of 88. Act while there is still low competition.

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Listed by RE/MAX Jazz INC. · Anita Bongers-Lewis

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L1A)

This home lists at $785,000, about 9.1× the local median household income of $86,000.

Carrying it typically needs a household income of about $153,338 (20% down, 25-yr amortization, stress-tested) — roughly 78% above the area median.

Median household income: $86,000
Population: 15,845
Median age: 51.2
Owner / renter: 77% / 23%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L1A)

$785,000· $82/ft²

For sale

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Full Cost Breakdown

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Down Payment6.82% · $53,500

Min 6.82%50%

Mortgage payment$4,056/mo

↳ CMHC premium ($29,260 capitalized)

Property tax (est.)$576/mo

Total monthly$4,631

Cash Needed to Close

Down payment (6.82%)$53,500

Land transfer tax$12,175

Est. closing costs$4,855

Total cash needed$70,530

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