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Huntsville,ON P1H 1K9
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Chaffey
MLS Listing ID X12006602
Style 2-Storey
Bedrooms 4
Annual Tax Amount $4,164
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Great investment opportunity! Huntsville has an excellent rental market, with a lower share of renter households compared to provincial averages. This building makes up over 1% of the purpose-built units in Huntsville! The Town is considered to have a 0% vacancy rate, a rate it has maintained for several years. Vacancy rates below 3% can drive up rents as tenants compete for fewer units. All this points to a property withan excellent ROI, only to increase with time. This four-plex is located within walking distance of downtown Huntsville. the building was completely renovated in 2012 with new plumbing, electricalsiding, roof, doors, windows, flooring, cabinetry, bathrooms and fixtures, and R60 insulation. New commercial boiler installed in July 2023. This propertyhas four one bedroom units with natural gas hot water radiators, separate Hydro panels in each apartment, modern kitchens, bathrooms and finishes. The basement has coin-operated laundry and a separate storage space for the landlord's use. Plenty of parking and nicely treed, private back and side yards for tenants to enjoy. All 4 units fully rented with excellent income.
Location
Province ON
County Muskoka
Community Chaffey
Area Muskoka
Rooms
Family Room No
Basement Partial Basement,Partially Finished
Kitchen 4
Separate Den/Office 2
Interior
Interior Features Separate Heating Controls,Sump Pump,Upgraded Insulation
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Front Yard Parking
Pool None
Roof Type Metal
Lot Frontage 67.0
Lot Depth 164.0
Total Parking Spaces 6
Building
Unit Features Golf,Hospital,Library,Place Of Worship,Public Transit,Rec./Commun.Centre
Foundation Stone
Others
ParcelsYN No