For more information regarding the value of a property, please contact us for a free consultation.
243 Main ST E Minto, ON N0G 2P0
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID X6022903
Sold Date 08/03/23
Style 2-Storey
Bedrooms 12
Annual Tax Amount $6,182
Tax Year 2022
Property Description
Presenting 243 Main St. E. Palmerston. A Multi-Family Six-Plex Full Of Opportunity And Investment Potential. With A Rich History, The Home And Property Were Originally Owned By The United Church And Was Later Transformed Into A Purpose-Built, Rental Building That Has Been Meticulously Maintained By The Original Owners Who Occupied One Of The Units In The Building. Located Just Steps To Main St. Shops, Restaurants And Lion's Community Park, The Quintessential Small-Town Feel Is Alive And Well. This Turnkey Property Is Available Immediately And Has Been A Desired Residence For Tenants In The Area, And Has Had A Zero Vacancy Rate Since Being Built In 1996. Current Rents, Are Approximately $100,000/Year With The Potential To Increase By $20,000-$30,000 As Tenants Turn Over And New Market Rents Are Introduced. The Building Totals Over 8,000 Sq. Ft. And Each Unit Is A Generous Size. All Six Units Are Two Bedroom, Two Bathroom, With Spacious Living, Dining, Kitchens, In-Suite Laundry.
Location
Province ON
County Wellington
Community Palmerston
Area Wellington
Zoning Mu2
Region Palmerston
City Region Palmerston
Rooms
Family Room No
Basement Full, Partially Finished
Kitchen 6
Separate Den/Office 6
Interior
Cooling Central Air
Exterior
Parking Features Private Double
Garage Spaces 10.0
Pool None
Total Parking Spaces 10
Others
Senior Community Yes
Read Less