$399,900
South Stormont
52 Elm St Ingleside Street, South Stormont, Ontario, K0C1R0
This multi-family property in South Stormont is for sale offering roughly 2,250 sq ft of space. It has been on the market 35 days, fresher than the South Stormont average of 91 days.
Welcome to 52 Elm Street! This fully occupied fourplex is nestled in the sought-after village of Ingleside a location where opportunities like this don't come along often. Situated beside a park, close to local amenities, and just a short walk to the St. Lawrence River, its an ideal setting for tenants.Each of the four units are currently rented:Unit 1(1 bed+1 den): $810.07/month (hydro included) Unit 2(1 Bedroom): $915.32/month (+ utilities) Unit 3(1 Bedroom): $908.78/month (+ utilities) Unit 4(1 Bedroom): $888.42/month (+ utilities). The property generates a gross annual income of $42,271.08 through the rent roll, with additional revenue from a coin-operated washer and dryer accessible to all tenants.If you're ready to expand your investment portfolio in a prime location, this is a property you'll want to see. All offers to include a 24-hour irrevocable clause.ocation where opportunities like this don't come along often. Situated beside a park, close to local amenities, and just a short walk to the St. Lawrence River, its an ideal setting for tenants.Each of the four 1-bedroom units is currently rented:Unit 1: $810.07/month (hydro included) Unit 2: $915.32/month (+ utilities) Unit 3: $908.78/month (+ utilities) Unit 4: $888.42/month (+ utilities). The property generates a gross annual income of $42,271.08 through the rent roll, with additional revenue from a coin-operated washer and dryer accessible to all tenants.If you're ready to expand your investment portfolio in a prime location, this is a property you'll want to see. All offers to include a 48-hour irrevocable clause. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 35 days on market, against an average age of 91 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 60 days on the market over the past year, against a median of 48 days across the markets we publish.
This 4-bed multi-family in South Stormont has been listed for 35 days, which is 56 days fresher than the city average of 91. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $399,900, about 4.8× the local median household income of $84,000.
Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA K0C)
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