195-197 Walton Street Port Hope, Ontario L1A 1N7

$1,535,000

An exceptional opportunity to acquire a turn-key investment property in the thriving community of Port Hope. This multi-residential building boasts seven units, six of which have been completely renovated with modern finishes, attracting quality tenants. All tenants pay their own hydro, reducing landlord expenses. With Port Hope's consistently low vacancy rate, this property offers excellent income stability and growth potential. Strategically located, this property is perfectly positioned to capitalize on Port Hope's growing demand for rental housing. Whether you're a seasoned investor or looking to expand your portfolio, this property is a must-see for anyone seeking a strong return on investment in a robust rental market. Don't miss out on this rare opportunity to secure ahigh-performing asset in this desirable markets. There is further upside to be realized when tenants turn over or by separating heat and water expenses to future tenants. (id:59743)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X9256092
Property Type	Multi-family
Community Name	Port Hope
Parking Space Total	7

Building

Appliances	Refrigerator, Stove
Heating Fuel	Natural Gas
Heating Type	Other
Size Interior	24,641 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	392 Ft ,4 In
Size Frontage	62 Ft ,9 In
Size Irregular	62.8 X 392.37 Ft
Size Total Text	62.8 X 392.37 Ft
Zoning Description	R2

https://www.realtor.ca/real-estate/27295689/195-197-walton-street-port-hope-port-hope