$624,900
Tillsonburg
56-58 Frank Street, Tillsonburg, Ontario, N4G3M1
This multi-family property in Tillsonburg is for sale offering roughly 2,250 sq ft of space. It has been on the market 40 days, fresher than the Tillsonburg average of 77 days.
Great opportunity for fiirst-time buyers or investors. Own a charming multi-family home on a corner lot in a desirable neighbourhood! Whether you're looking to live in one unit and rent out the other or add a solid property to your investment portfolio, this property offers plenty of possibilities. Two semi's under one ownership. Each unit features two levels with 3 bedrooms & 1 bathroom, along with plenty of original character throughout. Original hardwood floors add warmth and charm, while the front foyer entry and coat closet create a welcoming & functional entrance into each home.The kitchens offer practical space and character, including a built-in pantry in the hall for additional storage. Each unit also features its own private basement with laundry and development potential for a small rec room or office space, providing convenient storage and functionality. With classic details and the opportunity to make each unit your own, this property offers a wonderful combination of character, functionality and investment potential. Enjoy a fantastic location with close proximity to Lake Lisgar, Tillsonburg Town Centre, less than 350m to Kinsmen bridge which connects to walking paths and quick acess to the community centre, splash pad, water park, dog park, and schools, making everyday amenities and recreation easily accessible. A great opportunity to own a character-filled multi-family home in a convenient & established neighbourhood. Live in one side while generating rental income from the other! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 40 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 6-bed multi-family in Tillsonburg has been listed for 40 days, which is 37 days fresher than the city average of 77. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $624,900, about 8.3× the local median household income of $75,000.
Carrying it typically needs a household income of about $122,065 (20% down, 25-yr amortization, stress-tested) — roughly 63% 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.