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:53661)
Property Details
| MLS® Number | X11959149 |
| Property Type | Multi-family |
| Community Name | Haldimand |
| Features | Irregular Lot Size |
| Parking Space Total | 10 |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 10 |
| Bedrooms Total | 10 |
| Amenities | Separate Electricity Meters |
| Appliances | Dryer, Stove, Washer, Refrigerator |
| Basement Development | Finished |
| Basement Type | N/a (finished) |
| Exterior Finish | Steel |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 3,500 - 5,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 129 Ft ,10 In |
| Size Frontage | 61 Ft ,10 In |
| Size Irregular | 61.9 X 129.9 Ft |
| Size Total Text | 61.9 X 129.9 Ft |
https://www.realtor.ca/real-estate/27884388/2047-main-street-s-haldimand-haldimand
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May 12 2025 05:06:57
Toronto Regional Real Estate Board
Exp Realty
