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$849,000
Tay
757 Fourth Avenue, Tay (Port McNicoll), Ontario, L0K1R0
This multi-family property in Tay is for sale offering roughly 2,250 sq ft of space. It has been on the market 42 days, fresher than the Tay average of 81 days.
INVESTMENT OPPORTUNITY! Fully tenanted four-plex offering and excellent opportunity for investors seeking a turnkey income producing property. The property features four- self contained residential units, including Unit 1- 2 Bed, Unit 2- 1 Bed, Unit 3- 2 Bed, Unit 4- 2 bed, providing a desirable mix of long-term rental demand. Current gross rental income $78,000 annually from the 4 units, laundry and storage. Current operating expenses are approximately $17,126 annually, resulting in a Net of $60,873. Well suited for experienced investors and those looking to add a multi-residential property to their portfolio. With all 4 units occupied, the property offers immediate rental income and an established tenant base. Property is fully tenanted. Showings of the interior are available following an acceptable offer, with appropriate notice to tenants. Please do not disturb the tenants. Bonus: Mixed use zoning allowing for residential or commercial. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 42 days on market, against an average age of 81 days across the listings currently for sale in this city
This 7-bed multi-family in Tay (Port McNicoll) has been listed for 42 days, which is 39 days fresher than the city average of 81. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $849,000, about 9.6× the local median household income of $88,000.
Carrying it typically needs a household income of about $165,839 (20% down, 25-yr amortization, stress-tested) — roughly 88% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0K)
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Loading rates, 30-yr amortization
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