For Sale

$699,900.00

7 CENTRE Street, Spencerville, ON K0E 1X0

Nearest City Centre: Edwardsburgh Twp  

Remarks

2 side by side income properties: 7 Centre St & 16-18 Spencer St to be sold together for a total of 6 residential units and 1 commercial unit with adjoining parking spaces. 16-18 Spencer St: 2 storey Triplex with 1-3 bedroom on 2 floors and 2-2 bedroom units; 1 on ground flr and 1 unit on 2nd floor. Triplex total square footage approx 3348sqft (as per MPAC), with a yearly rental income of $25,8007 Centre St: 2 Storey Fourplex with 2-3 bedroom 2 storey units, 1-2nd floor bachelor unit and 1 commercial (Laundry mat) on main floor. Fourplex total square footage approx 3193sqft (as per MPAC), with a yearly rental income of $37,564. Tenants pay their own utilities in all units.The 2 properties are on separate lots with paved parking spaces: 6 spaces between the buildings + 1 extra space on south side of 16 Spencer St. GREAT INVESTMENT properties with gross income of $63,364, well-maintained buildings, rarely a vacancy. Proof of financial pre-approval required before showings.

Property Summary

  • Neighbourhood: Spencerville
  • Annual Tax Amount: $4,365.00 (2020)
  • Lot Frontage: 45.72 Metre
  • Lot Depth: 21.34 Metre
  • No. of Parking Spaces: 7
  • Zoning: MCR

Property Features:

  • Additional Property Uses ICI:
    Apartment 5+Units
  • Amenities:
    [] , [] , []
  • Basement Description:
    Crawl , Slab
  • Basement Dev:
    Unfinished
  • Exterior Finish:
    Siding , Vinyl
  • Fire Protection:
    [] , []
  • Foundation:
    Slab , Stone
  • Heat Desc:
    Baseboard , Forced Air
  • Heating Fuel:
    Electricity , Propane
  • Roofing Type:
    Asphalt Shingle , Metal
  • Sewer Type:
    Sewer Connected
  • Title:
    Freehold
  • Water Supply:
    Drilled Well

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