Quick Summary
Quick Summary
- Lucrative investment property with $100k annual rental income
- Attractive 6.25% cap rate for strong return on investment
- Newly constructed in 2022 for modern, low-maintenance units
- Luxury residential units with high-end finishes and upgrades
- Separate utilities and meters for easy property management
- Prominent commercial unit location on busy 7/8 Highway
- Ideal for expanding investment portfolio or passive income
- Hassle-free investment opportunity with turnkey operations
Discover a hassle-free investment opportunity with this 2022-built property, generating nearly $100k in annual rental income with a 6.25% cap rate! This property features one commercial unit and three luxury residential units, each offering 2 bedrooms and 1 bath. The residential units boast high-end finishes and upgrades, including quartz... Show More
Discover a hassle-free investment opportunity with this 2022-built property, generating nearly $100k in annual rental income with a 6.25% cap rate! This property features one commercial unit and three luxury residential units, each offering 2 bedrooms and 1 bath. The residential units boast high-end finishes and upgrades, including quartz countertops, ceramic tile flooring and shower, his and her sinks, cheater ensuites, and stainless steel appliances including dishwashers. Each unit also includes a full-size, stacked washer and dryer. Tenants enjoy separate utilities with individual meters, ensuring ease of management. The commercial unit faces the busy 7/8 Highway between Kitchener and Stratford, providing excellent visibility. Whether you're looking to add to your portfolio or make your money work for you, this property is a standout choice. (id:54626)
Property Details
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For Sale Nearby
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- 3
- 1
- 1,100 - 1,500 Sq. Ft.
- 3
- 2
- 2,000 - 2,500 Sq. Ft.
- 5
- 5
- 3
- 3
- 2,500 - 3,000 Sq. Ft.
- 4
- 5
- 3,500 - 5,000 Sq. Ft.
- 7
- 5
- 1,500 - 2,000 Sq. Ft.
- 4
- 3
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