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$1,150,000
Woodstock
377 MAIN Street, Woodstock, Ontario, N4S1T4
This multi-family property in Woodstock is for sale offering roughly 4,156 sq ft of space. It has been on the market 38 days, fresher than the Woodstock average of 107 days.
Add a multi-unit property to your portfolio with this well-located 4-plex at 377 Main. Offering four residential units, three of which are currently tenanted, this property provides immediate rental income with the opportunity to lease the remaining vacant unit. The property offers flexibility for both established and first-time investors looking to expand their holdings and maximize the income potential of a multi-residential property. Conveniently located close to shopping, public transit, schools, churches, parks and everyday amenities, the location adds to its long-term rental appeal. With existing tenants in place and an additional unit ready for occupancy, 377 Main presents an opportunity to invest in an income-producing property with further rental potential. Cap Rate at Current List Price: 5.50% (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 38 days on market, against an average age of 107 days across the listings currently for sale in this city
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.
This 7-bed multi-family in Woodstock has been listed for 38 days, which is 69 days fresher than the city average of 107. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,150,000, about 14.7× the local median household income of $78,000.
Carrying it typically needs a household income of about $224,635 (20% down, 25-yr amortization, stress-tested) — roughly 188% above the area median.
Source: Statistics Canada, 2021 Census (FSA N4S)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice