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    For Sale - 550-552 Mario Street, Hawkesbury, Ontario

    Est payment $2,857/mo
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    Views   1
    Time on Jump  11 day

    AI Summary *

    • Legal fourplex built in 2001 provides reliable income with 100% occupancy.
    • Current gross annual rental income of $45,636 with tenants covering utilities.
    • Roof replaced in June 2022 for added longevity and peace of mind.
    • Located in a desirable area with potential for future rent increases.
    • Opportunity to possibly divide into two duplexes, check with the municipality.




    Excellent investment opportunity! This legal fourplex, built in 2001, offers strong, reliable income with a current gross annual rental income of $45,636. The property features four self-contained units and is fully tenanted, making it an ideal turnkey addition to any investment portfolio. Tenants pay their own gas and hydro, helping to keep operating costs low. The roof was replaced in june 2022, providing added peace of mind for years to come. Situated in a desirable location, this well-maintained income property offers stable cash flow today with additional upside, as all rents are eligible for a legal increase as early as november 1, 2026. There may also be potential to divide the building into two duplexes (similar to neighbouring properties), with buyers encouraged to verify this possibility with the municipality. Whether you're looking to expand your investment portfolio or purchase your first multi-unit property, this legal fourplex presents an outstanding opportunity. 24 hours' notice is required for all showings.
    Listing IDX13547724
    Address550-552 Mario Street
    CityHawkesbury, Ontario
    Price$594,900
    Bed / Bath8 / 4 Full
    StyleBungalow-Raised, Fourplex
    ConstructionBrick, Vinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features NoneOwnership FreeholdBasement Full, Separate Entrance, FinishedFoundation Poured ConcreteHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

    Parking 4.00
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    Listing Agency:  RE/MAX ABSOLUTE REALTY INC.

    * 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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    550-552 Mario Street
    Hawkesbury , Ontario
    8 4 $594,900
    Get more info