$689,000

For sale

34 YOUNG Street, Woodstock - Multi-family for Sale

34 YOUNG Street, Woodstock, Ontario, N4S3L5

6 beds4 baths6 parking2,394 ft²Listed 20 days ago

Overview

This multi-family property in Woodstock is for sale offering roughly 2,394 sq ft of space. It has been on the market 20 days, fresher than the Woodstock average of 105 days.

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Description

Clean, Legal & Fully Tenanted Turnkey Triplex! **Attention Investors** don’t miss out on this fantastic opportunity to diversify your investment portfolio with this meticulously maintained triplex perfectly situated in the heart of Woodstock. Spacious main unit featuring 4 BED 2 BATH has been RECENTLY UPDATED, (tenant pays $2500/mo). TWO 1 BED 1 BATH units also fully tenanted. Each unit boasts well-lit, functional layouts. The perfect opportunity to purchase a property you can live in while also generating rental income! Featuring a private driveway with ample parking and an oversized backyard, maximizing the potential of its zoning (R2-20). Located mere minutes from shopping centres, parks, the casino, hospital, schools, and offering easy access to Hwy 401, this property is primed for convenience! Schedule your private viewing today! (id:66096)

Property Details

MLS®: 40872071
Property Type: Multi-family
Zoning: R2
Bedrooms: 6
Bathrooms: 4
Parking: 6
Interior Size: 2,394 ft²
Frontage: 64 ft
Units: 3
Year Built: 1860
Storeys: 2
Basement: Unfinished, Partial
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Ownership: Freehold
Property Tax: $3,808/yr
Listed: 20 days ago

Features

Foundation: Stone
Exterior: Brick, Aluminum siding
Lot Features: Laundry- Coin operated

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

Woodstock listings, avg age

105d

Price / ft²

$288

List price

$689K

Homes here sell close to asking price

Homes in this market sold for an average of 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 6-bed multi-family in Woodstock has been listed for 20 days, which is 85 days fresher than the city average of 105. Act while there is still low competition.

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Listed by Re/Max Twin City Realty Inc. · Victoria Cairo

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N4S)

This home lists at $689,000, about 8.8× the local median household income of $78,000.

Carrying it typically needs a household income of about $134,586 (20% down, 25-yr amortization, stress-tested) — roughly 73% above the area median.

Median household income: $78,000
Population: 33,055
Median age: 42.8
Owner / renter: 66% / 34%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N4S)

$689,000· $288/ft²

For sale

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Full Cost Breakdown

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Down Payment6.37% · $43,900.00

Min 6.37%50%

Mortgage payment$3,577/mo

↳ CMHC premium ($25,804 capitalized)

Property tax (est.)$317/mo

Total monthly$3,894

Cash Needed to Close

Down payment (6.37%)$43,900

Land transfer tax$10,255

Est. closing costs$4,567

Total cash needed$58,722

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

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