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BEDROOMS4
BATHROOMS2 + 2
KITCHENS2 + 2
ROOMSX7401664
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Property Description
4-Unit Legal Income Property! Historic Brick Character in Architecturally-rich Port Hope. Jump start your retirement plan. Begin or add to investment portfolio. Tenanted 3512 sq ft circa 1880s property with Charm, Covered Front Porch detailwork. Addition in back looks to Ravine & forest. Acquire this investment Property in a superb location at the top of the street in beautiful historic Downtown Port Hope. Well-located for Tenant's convenience, close to all amenities including new Loyalist School. Your Tenants may appreciate strolls along the Ganaraska River or browsing the boutiques & dining at all the fab cafes, restaurants & bars just steps away. Specialty Food boutiques & Grocers & Convenience stores nearby. 401 & VIA station nearby for Commuters. 100 KM to Toronto. Locate well in one of the most beautiful small towns in Ontario to invest in. Could also be reclaimed as single family home conversion. Needs some TLC. Not renting at Market Rents but allows room to improve this one!
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Extras
Covered Front Porch. Historic Trim work. Roof: May 2004 Boiler pump: new 2021. Basement ready for Laundry Hookups.
Property Features
Park, Place Of Worship, Public Transit, Ravine, School Bus Route
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Property Details
Street
Community
City
Property Type
Multiplex, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
48' x 96'
Acreage
< .50
Lot Irregularities
See Attached
Fronting
South
Taxes
$6,034 (2023)
Basement
Unfinished
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Driveway
None
Garage Type
None
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Port Hope Market Statistics
Port Hope Price Trend
221 Walton St is a 2-bedroom 4-bathroom home listed for sale at $699,000, which is $134,000 (23.7%) higher than the average sold price of $565,000 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 2 bedroom home in Port Hope declined by $90,500 (13.8%) compared to the previous 30 day period (March 15 - April 13) and down $265,000 (31.9%) from the same time one year ago.Inventory Change
There were 10 2-bedroom homes listed in Port Hope over the last 30 days (April 14 - May 13), which is up 66.7% compared with the previous 30 day period (March 15 - April 13) and down 9.1% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Port Hope typically sold $7,600 (1.3%) above asking price over the last 30 days (April 14 - May 13), which represents a $9,590 increase compared to the previous 30 day period (March 15 - April 13) and $6,000 more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Port Hope over the last 30 days (April 14 - May 13) stood at 40.0%, down from 166.7% over the previous 30 days (March 15 - April 13) and down from 45.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 4-bathroom home in Port Hope stood at 7 days when successfully sold over the last 30 days (April 14 - May 13), compared to 0 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 All-Pro Realty (1993) Ltd.
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