223 Walton St
Port Hope, L1A1P1
For Sale
$1,099,900
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Apartment
CATEGORY6,240 Sq Ft
TOTAL AREAX9368095
MLSIDContact Us
Property Description
Rare investment opportunity! Incredible chance to own a fantastic 7-unit multiplex on a huge 2 acre lot in trendy, beautiful Port Hope! Occupied by great tenants, this fabulous income property is a wonderful 1860s home with two additions. The home is comprised of 1x4-bedroom unit, 4x2-bedroom multi-level units, and 2 upstairs bachelor units. Situated on an expansive lot, there is plentiful parking and a number of out-buildings that are not presently leased and could be converted to additional dwelling units or repurposed for uses other than storage. Huge potential for growth. Absolutely must be seen!!!
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Extras
Perfectly located in residential neighbourhood with easy access to the 401, and mere steps from charming, vibrant downtown Port Hope. Close to stylish restaurants, eateries, and one-of-a-kind boutiques.
Property Details
Category
Apartment
Usage
Apts-6 To 12 Units
Zoning
R2-1 MULTIPLEX
Total Area
6,240 Sq Ft
Office/Apartment Area
6,240 Sq Ft
Lot Size
117' x 23'
Taxes
$9,600 (2023)
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Listing contracted with Keller Williams Advantage Realty
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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.
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