Discover an exceptional investment opportunity in the charming community of Cannington. This well-maintained four-plex offers the perfect blend of immediate cash flow and future upside potential, featuring four bright and spacious 2-bedroom apartments, all occupied by reliable long-term tenants. Ideally situated on full municipal services and directly across from a beautiful nature trail, this property offers tenants a peaceful setting with the convenience of town living. Valuable features including four separate hydro meters, four water heaters, and four private garden sheds for added tenant convenience. A turnkey investment with all four units fully rented, currently generating $3010.00 per month in rental income. Tenants pay their own utilities, with only one unit including water costs, helping keep operating expenses manageable. With cosmetic updates or renovations, there is excellent potential to significantly increase rental income and maximize returns over time. Whether you're looking to expand your portfolio or secure a solid income-producing property with future growth potential, this four-plex presents an outstanding opportunity in a welcoming small-town setting.
Property Type:
Residential Freehold
Property Sub Type:
Fourplex
Home Style:
2-Storey
Total Approx Floor Area:
2000-2500
Lot Depth:
115'35.1 m
Lot Frontage:
66'20.1 m
Direction Faces:
North
Bedrooms:
8
Bathrooms:
4.0
Water supply:
Municipal
Kitchens:
4
Bedrooms Above Grade:
8
Kitchens Above Grade:
4
Rooms Above Grade:
17
Heating type:
Baseboard
Heating Fuel:
Electric
Foundation:
Unknown
Roof:
Asphalt Shingle
Basement:
Crawl Space
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Spaces:
10
Total Parking Spaces:
10.0
Family Room:
No
Possession Details:
TBD
Pool:
None
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Taxes:
$4,408.45 /
2025
Assessment:
$- /
2025
Durham
Brock
Cannington
Separate Heating Controls
Inc: 4 Fridges, 4 Stoves (App All In As Is Condition), 4 Hot Water Heaters (All Replaced Within Last 9 Years, Garden Sheds, Existing Electric Light Fixtures & Fans. Newer Windows, Shingles Done 10 Years Ago
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