2047 Main Street S Haldimand, Ontario N0A 1J0
$1,399,000
Prime Investment Opportunity Purpose-Built 6-Unit Apartment Building in Jarvis! An excellent multiplex investment offering steady rental income, with all six units currently tenanted. This well-maintained brick and concrete building with metal siding features four spacious two-bedroom units and two one-bedroom units, each separately hydro metered. The building has benefited from a series of updates over time, including improvements to the mechanical systems, windows, roofing, and exterior. These upgrades support long-term value and reduced maintenance needs. With a gross annual income of $115,880 and total expenses of $20,029, the property offers a strong 6.9% CAP rate. Additional features include ample parking and dedicated tenant storage lockers. Located in a growing community just 35 minutes from HWY 403/Hamilton, this property offers excellent long-term appreciation potential, along with the opportunity to bring rents in line with market value over time. (id:61852)
Property Details
| MLS® Number | X11959149 |
| Property Type | Multi-family |
| Community Name | Haldimand |
| Features | Irregular Lot Size |
| ParkingSpaceTotal | 10 |
Building
| BathroomTotal | 6 |
| BedroomsAboveGround | 10 |
| BedroomsTotal | 10 |
| Amenities | Separate Electricity Meters |
| Appliances | Dryer, Stove, Washer, Refrigerator |
| BasementDevelopment | Finished |
| BasementType | N/a (finished) |
| ExteriorFinish | Steel |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 2 |
| SizeInterior | 3500 - 5000 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 129 Ft ,10 In |
| SizeFrontage | 61 Ft ,10 In |
| SizeIrregular | 61.9 X 129.9 Ft |
| SizeTotalText | 61.9 X 129.9 Ft |
https://www.realtor.ca/real-estate/27884388/2047-main-street-s-haldimand-haldimand
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Natalie Kuchava
Salesperson
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May 12 2025 05:06:57
Toronto Real Estate Board
Exp Realty
