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    For Sale - 8-10 Bay Street, Woodstock, Ontario

    Est payment $7,851/mo
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    Views   1
    Time on Jump  5 day

    AI Summary *

    • Fully refurbished 6-unit property with modern updates and efficient systems.
    • All apartments are occupied, ensuring immediate rental income and profitability.
    • Tenants cover their heating, cooling, and electricity expenses, lowering landlord costs.
    • Great location with easy access to shopping, transit, schools, and amenities.
    • Low property taxes in an optimization zone boosting net operating income.




    Attention investors & portfolio builders! This exceptional 6-unit multi-residential property has been fully stripped down and masterfully refurbished by a local professional builder and tradespeople, offering the ultimate peace of mind and true pride of ownership. Operating at an almost-new construction standard, this turnkey powerhouse is fully occupied and structured for maximum profitability. Unbeatable mechanicals and efficiency. Each of the 6 self-contained, 1 bedroom apartments features its own independent, high-efficiency heat pump system; tenants pay for their own heating, cooling and electricity, leaving only water for the landlord. A full structural overhaul included professional updates to all major systems, including plumbing, heating and electrical systems. Worry-free exterior: this property has been outfitted with new windows and a new roof in 2022/2023, minimizing capital expenditure for years to come. Premium suite finishes: every apartment boasts a bright, modern layout outfitted with all-new (in 2023) premium stainless steel kitchen appliances; each suite has washer/dryer (purchased from a local appliance company and fully owned by the seller) and new doors installed this year as well. There is a location advantage, perfectly situated in the core of woodstock with a great walk score and immediate pedestrian-friendly access to local shopping, transit routes, schools, churches, restaurants, and essential amenities ensuring low vacancy rates. Also located in an optimization zone yielding incredibly low property taxes, aggressively boosting your net operating income (noi). Expenses for the last 12 month period and rental income included in attachments. Additional parking one block away. A rare chance to own a multi-residential unit of quality.
    Listing IDX14080632
    Address8-10 Bay Street
    CityWoodstock, Ontario
    Price$1,635,000
    Bath6 Full
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Public TransitBasement 1Heating / Cooling Other

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    Listing Brokerage: Century 21 Heritage House Ltd Brokerage

    * 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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    8-10 Bay Street
    Woodstock , Ontario
    6 $1,635,000
    Get more info