24 WATER ST HASTINGS More Photos

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    For Sale - 24 Water Street, Trent Hills, Ontario

    Est payment $6,483/mo
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    Time on Jump  1 days

    AI Summary *

    • Mostly renovated 6 + 1-unit apartment building with a diverse rental mix.
    • Five units updated, enhancing overall attractiveness and rental appeal.
    • Independently metered utilities for better management and efficiency.
    • Strong current rental income with potential future increases.
    • Opportunity for additional development to expand rental units and income.




    Excellent investment opportunity, this mostly renovated well-maintained 6 + 1-unit apartment building offers a desirable mix of two bachelor apartments, two one-bedroom apartments and three two-bedroom apartments, providing a diversified rental mix within one property. Five of the 6 + 1 units have been renovated, adding to the overall appeal of this established income-producing property. All units are separately metered for both water and hydro, an attractive feature for multi-residential ownership and long-term operating efficiency. The building currently generates approximately $104,263 in gross annual rental income, providing strong existing cash flow with scheduled future rent increases offering additional income potential. Adding to the property's appeal is the potential for future development of an additional multi-unit residential building on the property, creating an opportunity to further increase the number of rental units and overall income potential. Buyer to complete their own due diligence regarding zoning, servicing, development potential, building permits and all required municipal and regulatory approvals. Hastings is situated along the trent-severn waterway, at the meeting of the trent river and rice lake, making the area popular for boating, fishing and outdoor recreation. The community offers local shops, restaurants, parks, trails and essential services, while nearby campbellford provides additional shopping, healthcare, dining and recreational amenities. With its waterfront setting, relaxed lifestyle and convenient access to surrounding communities, hastings continues to be an appealing place to live for a wide range of residents. A compelling opportunity combining 6 +1 existing rental units, immediate income, separately metered utilities and future development potential-an excellent addition to a multi-residential investment portfolio.
    Listing IDX14105346
    Address24 Water Street
    CityTrent Hills, Ontario
    Price$1,349,999
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Electric Forced Air

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    Listing Brokerage: Royal Heritage Realty Ltd.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    24 Water Street
    Trent Hills , Ontario
    $1,349,999
    Get more info