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24124 Winter Line Road Paincourt, Ontario N0P 1Z0

5 Bedroom 4 Bathroom 2194
None Forced Air

$595,000

Great income producing property with more income potential and recent significant upgrades. Since 2020, the brickwork has been extensively repointed and the roof has been replaced as well as a new larger parking lot, new C02 and smoke alarms, fire extinguishers, and deadbolts and passage sets on entry doors. Unit #4 has been renovated and the other three units are clean and in good shape. Water heaters and furnace are owned; there is no rental equipment. In addition the unused garage unit has a few potential income-producing possibilities with 423 sq ft of interior space with new concrete floor and pine walls as well as electrical outlets and lights already installed. The four units are rented and even without the potential garage unit or adding laundry in the basement, the building already sustains an impressive capitalization rate of 4.77 at the asking price. This property should go quickly. Be sure to book your appointment to see it soon. (id:22076)

Property Details

MLS® Number 40338957
Property Type Multi-family
Equipment Type None
Features Southern Exposure, Corner Site, Crushed Stone Driveway, Country Residential
Parking Space Total 8
Rental Equipment Type None
Structure Porch

Building

Bathroom Total 4
Bedrooms Total 5
Basement Development Unfinished
Basement Type Partial (unfinished)
Constructed Date 1910
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick, Stone
Fire Protection Smoke Detectors
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 2194
Type Fourplex
Utility Water Municipal Water

Parking

Detached Garage

Land

Access Type Road Access
Acreage No
Sewer Municipal Sewage System
Size Depth 69 Ft
Size Frontage 209 Ft
Size Irregular 0.302
Size Total 0.302 Ac|under 1/2 Acre
Size Total Text 0.302 Ac|under 1/2 Acre
Zoning Description Multi Residential

Utilities

Electricity Available
Natural Gas Available

https://www.realtor.ca/real-estate/24986815/24124-winter-line-road-paincourt

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