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$635,000
Zorra
133 Dundas Street West, Zorra (Thamesford), Ontario, N0M2M0
This multi-family property in Zorra is for sale offering roughly 1,750 sq ft of space.
An excellent opportunity in the growing and increasingly sought-after village of Thamesford. Situated on the main street and surrounded by established commercial businesses, this property offers an ideal location for an investor, entrepreneur, or owner-occupier looking to take advantage of the communities continued growth. Currently zoned commercial and being utilized as a legal non-conforming residential triplex, the property offers 3 rental units: two two-bedroom units and one one-bedroom unit, providing multiple income streams. There's also an additional Airbnb unit that is occasionally rented offering further income potential. For an owner-user, this property presents an exciting opportunity to live on-site while operating a business from the front of the building. With renovations and some vision, the property could be transformed to suit a variety of commercial, residential, or mixed-use possibilites, subject to the appropriate municipal approvals. Ample parking available with some minor modifications to the property. Thamesford is experiencing significant growth with substantial residential development planned for the community. Two-two bedroom units will be vacant on closing. Whether you are looking to expand your investment portfolio, establish your own business, or create an owner occupied live-work property, this one deserves a closer look. All meas. approx. and taken from MPAC and Seller. Also MLS #X13642234 (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 70 days on market, against an average age of 72 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 98.4 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This 5-bed multi-family in Zorra (Thamesford) has been listed for 70 days, which is 2 days fresher than the city average of 72. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $635,000, about 7.0× the local median household income of $91,000.
Carrying it typically needs a household income of about $124,038 (20% down, 25-yr amortization, stress-tested) — roughly 36% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0M)
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Loading rates, 30-yr amortization
Cash Needed to Close
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