$675,000
Available - For Sale
Listing ID: X11893746
221 Walton St , Port Hope, L1A 1P1, Ontario
| Unlock the potential of this legal 4-plex, offering over 3,500 sq. ft. (MPAC) of rentable space in a high-demand location. Featuring two spacious two-bedroom units and two one-bedroom units, each self-contained, this property provides immediate income-generating potential. Tenants are vacating and the building could use some renovations, presenting a clear value-add opportunity for savvy investors willing to renovate and maximize returns. Located in historic downtown Port Hope, tenants benefit from walkable access to amenities, shops, cafes, and public transit, including VIA Rail and Highway 401ideal for attracting a broad tenant base. The property includes a rear addition overlooking a peaceful ravine, adding appeal to attract quality tenants. Whether you're expanding your portfolio or seeking a repositioning project, this property's size, location, and configuration make it a rare find. With strong rental demand in one of Ontario's most desirable small towns, this is a smart investment ready for its next chapter. |
| Extras: With renovations of kitchens, bathrooms and flooring this building has significant potential for high rents and low expenses, an investment with this type of opportunity is a rare find. There is rough-in for laundry in the utility room. |
| Price | $675,000 |
| Taxes: | $6522.17 |
| Tax Type: | Annual |
| Occupancy by: | Partial |
| Address: | 221 Walton St , Port Hope, L1A 1P1, Ontario |
| Postal Code: | L1A 1P1 |
| Province/State: | Ontario |
| Lot Size: | 52.18 x 95.70 (Feet) |
| Directions/Cross Streets: | Walton/Pine |
| Category: | Apartment |
| Use: | Apts-2 To 5 Units |
| Building Percentage: | Y |
| Total Area: | 9558.00 |
| Total Area Code: | Sq Ft Divisible |
| Approximatly Age: | 100+ |
| Taxes Expense: | $6522 |
| Insurance Expense: | $2324 |
| Management Expense: | 6912 |
| Heat Expenses: | $6590 |
| Hydro Expense: | $505 |
| Water Expense: | $2509 |
| Other Expenses: | $2000 |
| Gross Income/Sales: | $86400 |
| Operating Expenses: | $29955 |
| Vacancy Allowance: | 3 |
| Net Income Before Debt: | $53853 |
| Expenses Actual/Estimated: | $Est |
| Heat Type: | Radiant |
| Central Air Conditioning: | N |
| Water: | Municipal |
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| RE/MAX JAZZ INC. |
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Ali Shahpazir
Sales Representative
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416-473-8225
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416-473-8225
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At a Glance:
| Type: | Com - Investment |
| Area: | Northumberland |
| Municipality: | Port Hope |
| Neighbourhood: | Port Hope |
| Lot Size: | 52.18 x 95.70(Feet) |
| Approximate Age: | 100+ |
| Tax: | $6,522.17 |
| Maintenance Fee: | $2,592 |
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