$639,900
Tillsonburg
10 Joseph Street, Tillsonburg, Ontario, N4G1H8
This multi-family property in Tillsonburg is for sale offering roughly 1,300 sq ft of space.
ATTENTION INVESTORS! There is nearly 2600 square ft of liveable space in this UP AND DOWN DUPLEX with the possibility of MORE! In the Upper, enjoy a well-kept, 2+1 bed, 1 bath unit, boasting a large open concept kitchen and living area that connects through sliding doors to an elevated and covered deck. Also, find a dedicated dining room, secondary sitting room as well as two beds and a 3pc bath on the main level. Upstairs, find a sprawling master bedroom with ample closet space and storage. This unit is occupied by Tenants who are willing to stay, and who pay a competitive market rate. BUT WAIT! THERE'S MORE! Downstairs, a legal 2 bedroom apartment was created in 2024! In this unit, you will find two spacious bedrooms, a 3pc bath, and an open concept kitchen and living area. This unit is also occupied by Tenants who are paying a current market rate and willing to stay! Other highlights include: Furnace and AC (22), roof (21), massive carport, updated windows. FURTHER OPPORTUNITY! A potential third unit, with its own fenced yard area can potentially be created in the space currently operating as the carport. The carport is massive with skylights - Buyer to verify. This home is located on a quiet street and situated mere walking distance to schools, shopping, trails, ballfields, Lake Lisgar and the Tillsonburg Community Centre. It offers a traffic light-free commute to the 401 (14 min). This property represents a great opportunity for; families looking multi-generational accommodation and/or for investors seeking units with reliable tenants paying market rates, as well as the option to create more. Don't let this opportunity pass you by! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 134 days on market, against an average age of 77 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 5-bed multi-family in Tillsonburg is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $639,900, about 8.5× the local median household income of $75,000.
Carrying it typically needs a household income of about $124,995 (20% down, 25-yr amortization, stress-tested) — roughly 67% above the area median.
Source: Statistics Canada, 2021 Census (FSA N4G)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.