$875,000

For sale

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1220 Bruce 12 Road, South Bruce - Multi-family for Sale

1220 Bruce 12 Road, South Bruce, Ontario, N0G1W0

5 baths13,504 sq ft (0.31 ac) lot sizeListed 15 days ago

Overview

12 Clinton Street South, South Bruce, Ontario, N0G2S0

3 ba5 pk3,740 ft²Lot size 3,740 sq ft

Listed by RE/MAX Land Exchange Ltd.

Investment analysis

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$875,000

South Bruce

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This multi-family property in South Bruce is for sale. It has been on the market 15 days, fresher than the South Bruce average of 96 days.

Description

Investment property 7.50 Cap Rate. 5 apartments. Completely modernized 5 years ago. Natural gas heat, Municipal sewers. Laundry on sight. A1 tenants. 1- 1 bedroom, 1-3 bedroom and 3- 2 bedrooms (id:66096)

Property Details

MLS®: X14107750
Property Type: Multi-family
Business Type: Residential
Zoning: C 1-2
Bathrooms: 5
Lot Size: 13,504 sq ft (0.31 ac)
Frontage: 83 ft
Heating: Forced air, Natural gas
Cooling: None
Garage: Other
Property Tax: $3,636/yr
Listed: 15 days ago

Features

Appliances: Washer, Dryer

Services

Water: Drilled Well

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

South Bruce listings, avg age

96d

List price

$875K

Haho

This multi-family in South Bruce has been listed for 15 days, which is 81 days fresher than the city average of 96. Act while there is still low competition.

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Listed by RE/MAX Land Exchange Ltd. · CHARLIE BAGNATO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0G)

This home lists at $875,000, about 10.5× the local median household income of $83,000.

Carrying it typically needs a household income of about $170,918 (20% down, 25-yr amortization, stress-tested) — roughly 106% above the area median.

Median household income: $83,000
Population: 86,935
Median age: 40.8
Owner / renter: 80% / 20%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N0G)

$875,000

For sale

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Full Cost Breakdown

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Down Payment7.14% · $62,500

Min 7.14%50%

Mortgage payment$4,505/mo

↳ CMHC premium ($32,500 capitalized)

Property tax (est.)$303/mo

Total monthly$4,808

Cash Needed to Close

Down payment (7.14%)$62,500

Land transfer tax$13,975

Est. closing costs$5,125

Total cash needed$81,600

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice